TI I 239. Union Company purchased a delivery van at a cost of $30,000 cash on January 1, 2015. The van has an estimated useful life of 6 years and a $6,000 estimated residual value. A. What is the effect on the accounting cquation of the purchase of the van? Income Statement Balance Sheet Stockholders Liabilities + Equity Assets Revenues Expenses Net Income B. How much depreciation expense should be reported for 2016