A company purchased factory equipment on June 1, 2025 for $93800. It is estimated that the equipment will have an $17000 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, 2025 is $7680. $3200. $3840. O $4480.

A company purchased factory equipment on June 1,2025 for $93800. It is estimated that the equipment will have an $17000 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 31,2025 is $7680. $3200. $3840. 54480