Garrison Company purchased a delivery van on January 1, 2013 for $20,000. The van is estimated to have a 5-year useful life and a $4,000 salvage value. How much expense should Garrison recognize in 2013 related to the use of the van?
A) $16,000
B) $3,200
C) $20,000
D) $4,000
Correct Answer:
Verified
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