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hello in this lecture weamp;#39;re going to work some test type problems are going to be sure multiple choice type problems these weamp;#39;re not going to use the abc selection but we will have these smaller types of questions that could be in a multiple choice format so first we have the company purchased a new delivery band at a cost of 60 000 on july 1st the delivery van is estimated to have a useful life of six years and a salvage value of 4 800. 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 31st all right so iamp;#39;m going to pull this on this side and take a look at a trial balance just so we can see what we are talking about real quick and what weamp;#39;re talking about is the fact that when we bought the van itamp;#39;s going to be on there as an asset not equipment but similar to an asset over here like equipment up in the asset section weamp;#39;re then going