A company purchased a delivery van for 24 800 with a salvage value of 3 300 on October 1 Year 1 It has an estimated useful life

Question

A company purchased a delivery van for 24 800 with a salvage value of 3 300 on October 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 1653 90 4 960 1 075 4 300

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