Gardiner Company purchased a delivery van for $35,000 on January 1. The van has an estimated 4-year life with a residual value of $2,000. What would the depreciation expense for this van be in the first year if Gardiner uses the straight-line method?

A. $35,000
B. $33,000
C. $8,250
D. $8,750

Answer rating: 100% (QA)

B 33000 The depreciation expense for the van would be 33000 in the first year if Gardiner use... View the full answer