Acompany purchased a delivery van for $27,700 with a salvage value of $3,100 on september 1, year 1. it has an estimated useful life of 6 years. using the straight-line method, how much depreciation expense should the company recognize on december 31, year 1? $1,539. $1,025. $4,617. $1,367. $4,100.

The correct answer is $1,367.

If a van has a purchase price of $27,700 and a salvage value of $3,100, the amount that is depreciated over six years is $24,600 ($27,000-$3,100). This is equivalent to $4,100 per year.

The van was purchased on September 1, so depreciatation is only calculated for 4 months, which is 1/3 of a year (4 months/12 months). One third of $4,100 = $1,367.

answer is a

explanation:

answer; (c) communism and socialism;