A Company Purchased Factory Equipment on April 1, 2022 for $128,000.It

Multiple Choice

A company purchased factory equipment on April 1, 2022 for $128,000.It is estimated that 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 as depreciation expense at December 31, 2022 is

A) $12,800.
B) $11,200.
C) $8,400.
D) $9,600.