A Company Purchased Factory Equipment on April 1, 2017, for $128,000

question 24

Multiple Choice

A company purchased factory equipment on April 1, 2017, 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, 2017, is

• A)$12,800.
• B)$11,200.
• C)$8,400.
• D)$9,600.

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