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Business, 09.07.2021 02:00 brattymoo1009

A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5 years and a salvage value of $4,900. 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? a. $5,880.
b. $5,610.
c. $6,590.
d. $11,220.
e. $6,100.

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