On October 1 of this year, SportsWorld purchased a delivery van for $23,000 with a residual value of $3,000. The van has an estimated useful life of 5 years. Usingstraight-line

On October 1 of this year, SportsWorld purchased a delivery van for $23,000 with a residual value of $3,000. The van has an estimated useful life of 5 years. Usingstraight-line depreciation and the half-year rule, how much depreciation expense should SportsWorld recognize on December 31 of this year?
A) $1,333.
B) $2,000.
C) $1,000.
D) $4,600.
E) $1,465.


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