A company purchased factory equipment on April 1, 2017, for $128,000. It is estimatedthat the equipment will have a $16,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded asdepreciation expense at December 31, 2017, isa.$12,800. b.$11,200. c.$8,400. d.$9,600.
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