A company purchased factory equipment on June 1, 2017, for $128,000 and placed it into service on that date. It is estimated that the equipment will have a $8,000 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 for the period from acquisition through December 31, 2017, is a. $5,000. b. $6,000. c. $7,000. Od. $12,000