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A Company Purchased a Delivery Van for $23,000 with a Salvage

Question 176

Multiple Choice

.A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1,2010.It has an estimated useful life of 5 years.Using the straight-line method,how much depreciation expense should the company recognize on December 31,2010?


A) $1,000
B) $1,333
C) $1,533
D) $4,000
E) $4,600

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