Hampton Company purchased a van on January 1,2018,for $800,000.Estimated life of the van was five years,and its estimated residual value was $90,000.Hampton uses the straight-line method of depreciation.Prepare the journal entry to record the depreciation expense for 2018 on the van.Omit explanation.

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The Answer of Hampton Company purchased a van on January 1,2018,for $800,000.Estimated life of the van was five years,and its estimated residual value was $90,000.Hampton uses the straight-line method of depreciation.Prepare the journal entry to record the depreciation expense for 2018 on the van.Omit explanation.

Hampton Company Purchased a Van on January 1,2018,for $800,000