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A company purchased factory equipment on April 1, 2022 for 160,000. It is estimated that the equipment will have a 20,000 residual value at the
A company purchased factory equipment on April 1, 2022 for 160,000. It is estimated that the equipment will have a 20,000 residual 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, 2022 is
- 14,000.
- 16,000.
- 12,000.
- d) 10,500.
A company purchased factory equipment on April 1, 2022 for 160,000. It is estimated that the equipment will have a 20,000 residual 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, 2022 is
- 14,000.
- 16,000.
- 12,000.
- d) 10,500.
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