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A company purchased factory equipment on June 1, 2022 for $142200. It is estimated that the equipment will have a $15000 salvage value at the

A company purchased factory equipment on June 1, 2022 for $142200. It is estimated that the equipment will have a $15000 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 is

a. $12720.

b. $7420.

c. $6360.

d. $5300.

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