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. A company purchased factory equipment on April 1 , 2 0 2 2 , for $ 1 6 0 , 0 0 0 .

. A company purchased factory equipment on April 1,2022, for $160,000. It is estimated that the equipment will have a $20,000 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 31,2022, isGroup of answer choices$16,000.$10,500.$14,000.$12,000.

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