Question 12. Question: A company purchased a delivery van for $ 23,000 with a salvage value of $ 3,000 on September 1, 2010. 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, 2010?
$ 1,000 $ 1,333 $ 1,533 $ 4,000 $ 4,600
Question 13. Question: customer would result in:
A credit sale of $ 2,500 to a
0.90 1.09 1.11 1.26
Question 12. Question: A company purchased a delivery van for $ 23,000 with a salvage value of $ 3,000 on September 1, 2010. 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, 2010?