A Company Purchased Factory Equipment on April 1, 2015 for $160,000

Multiple Choice

A company purchased factory equipment on April 1, 2015 for $160,000. It is estimated that the equipment will have a $20,000 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, 2015 is

A) $16,000.
B) $14,000.
C) $10,500.
D) $12,000.