Multiple Choice
A company purchased factory equipment on June 1, 2022 for $128,000.It is estimated that the equipment will have an $8,000 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, 2022 is
A) $12,000.
B) $7,000.
C) $6,000.
D) $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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