A company purchased factory equipment on April 1, 2021, for $160,000.It is estimated that the equipment will have a $20,000 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, 2021, is

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The Answer of A company purchased factory equipment on April 1, 2021, for $160,000.It is estimated that the equipment will have a $20,000 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, 2021, is

A Company Purchased Factory Equipment on April 1, 2021, for $160,000.It