A company purchased factory equipment on April 1, 2021 for $170000. It is estimated that the equipment will have a $16000 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 O $11550. O $15400. O $12750. O $17000. Save for Later Attempts: 0 of 2 used Submit Answer

A company purchased factoryequipment on April 1,2021 for $170000. It is estimated that the equipment will have a $16000 salvag value at the end of its 10 -year usefullife. Using the stralght-line method of depreciation, the amount to be recorded as depreciation expense at December 31,2021 is $11550. $15400. $12750. $17000