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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. Using straight-line depreciation and the half-year rule, how much depreciation expense should SportsWorld recognize on December 31 of this year? Question 3 options: A) $4,600 B) $1,333 C) $1,465 D) $2,000 E) $4,000
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