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How much depreciation expense should the company recognize

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Reference no: EM131784220

Problem

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?

Reference no: EM131784220

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