A company purchased factory equipment on April 1, 2010 for $64,000. 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, 2010 is
A) $6,400.
B) $5,600.
C) $4,200.
D) $4,800.

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The Answer of A company purchased factory equipment on April 1, 2010 for $64,000. 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, 2010 is
A) $6,400.
B) $5,600.
C) $4,200.
D) $4,800.

A Company Purchased Factory Equipment on April 1, 2010 for $64,000