A company purchased factory equipment on June 1, 2021 for $ 48,000. It is estimated that the equipment will have a $ 6,000 residual 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, 2021 is
A) $ 4,800.
B) $ 4,200.
C) $ 2,450.
D) $ 6,000.

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The Answer of A company purchased factory equipment on June 1, 2021 for $ 48,000. It is estimated that the equipment will have a $ 6,000 residual 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, 2021 is
A) $ 4,800.
B) $ 4,200.
C) $ 2,450.
D) $ 6,000.

A Company Purchased Factory Equipment on June 1, 2021 for