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den301095 [7]
2 years ago
13

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.
Business
1 answer:
faust18 [17]2 years ago
4 0

it's half a year out of 5, so 1/10 of the useful lifetime of the van

$61,000 - $4,900 is $56.1000

one tenth of that will be what we are looking for, so option b. should be just right to fit here

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