21. Widgets Incorporated purchased factory equipment on January 1, 2013. for $98,000. It is estimated that the equipment will have a $3,000 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, 2013 (Year 1) is: A) $9,800 B) $19,600 C) $9,500 D) $19,000