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.

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The Answer of 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.

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