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How much depreciation expense will be recorded

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Reference no: EM133103525

Question - A company purchased a new delivery van at a cost of $50,000 on July 1. The delivery van is estimated to have a useful life of 5 years and a salvage value of $3,800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?

Reference no: EM133103525

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