A company purchased factory equipment on April 1, 2017 for $168000. It is estimated that the equipment will have a $22000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 is a. $16800. b. $12600. c. $10950. d. $14600.
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