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A company purchased a delivery van for $18,500 with a salvage value of $2,900 on...

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Accounting

A company purchased a delivery van for $18,500 with a salvage value of $2,900 on September 1, Year 1. It has an estimated useful life of 4 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

A.) $1,542.

B.) $3,900.

C.) $1,300.

D.) $4,625.

E.) $975.

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