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.

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The Answer of 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.

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