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A company purchased factory equipment on June 1, 2022 for $128,000. It is estimated that the equipment will have an $8,000 salvage value at

A company purchased factory equipment on June 1, 2022 for $128,000. It is estimated that the equipment will have an $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 at December 31, 2022 is A. $7,000. OB. $12,000. C. $5,000. D. $6,000.

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