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A company purchased a delivery van for $18,200 with a salvage value of $2,200 on September 1 Year 1. It has an estimated useful life

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A company purchased a delivery van for $18,200 with a salvage value of $2,200 on September 1 Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? Multiple Choice c $800 5120 a $1,007 $3,640 $3,200

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