15. The Reed Company uses the straight-line method to depreciate its equipment. On June 1, 2007, the company purchased some equipment for $200,000. The equipment is estimated to have a useful life of eight years and a salvage value of $20,000. How much depreciation expense should Reed record for the equipment in the adjusting entry on December 31, 2007?

a. $ 6,000

b. $12,000

c. $13,125

d. $18,000