Depreciation Expense Assignment

On January 1, 2019, Early Delivery Company purchased a delivery van for $45,000. At the end of its 5-year service life, it is estimated that the van will be worth $3,000.

During the 5-year period, the company expects to drive the van 150,000 miles. What is the amount of depreciation expense that would be recorded in the adjusting entry on December 31, 2022 (end of the fourth year) using the sum-of-the-years'-digits method of depreciation? .

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