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TB MC Qu. 08-102 A company purchased a delivery... A company purchased a delivery van for $29,800 with a salvage value of $3,400 on September

TB MC Qu. 08-102 A company purchased a delivery...

A company purchased a delivery van for $29,800 with a salvage value of $3,400 on September 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

Multiple Choice

$4,400.
$4,967.
$1,467.
$1,100.
$1,656.

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