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Using the straight-line method how much depreciation

Question - A company purchased a delivery van for $23,000 with a salvage value of $3,000 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?

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Accounting Basics: Using the straight-line method how much depreciation

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