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

question 95

Multiple Choice

A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1,2014.It has an estimated useful life of five years.Using the straight-line method,how much depreciation expense should the company recognize on December 31,2014?

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