9.A company purchased factory equipment on March 1, 2019, for $96,000. It is estimated that the equipment will have a $12,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to record as depreciation expense at December 31, 2019 (Co.'s End of Fiscal Year) is: (Assume no adjusting entries were made previously in the year.) INCORRECT $6,300