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zysi [14]
3 years ago
14

G a company purchased a delivery van for $28,000 with a salvage value of $3,000 on september 1, year 1. it has an estimated usef

ul life of 5 years. using the straight-line method, how much depreciation expense should the company recognize on december 31, year 1?
Business
1 answer:
Andreas93 [3]3 years ago
6 0
Hi there

First find the rate of depreciation
100/estimated useful life
100/5years=20%

You should subtract the salvage value from the cost of the van
28000-3000=25000
Second the time from september 1 to
december 31 is 4months

Now find the depreciation expenses
25,000×0.20×(4÷12)
=1,666.67 round your answer to get
1667 is the answer

Good luck!
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Option a

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