Company A purchased factory equipment on April 1st for $64,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its 10 year useful life. Using straight-line depreciation method, the amount to be recorded as depreciation expense at December 31st in year 1 is $4,200 O $5,600 $6,400 O $4,800

Company A purchased factory equipment on April 1st for $64,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its 10 year useful life. Using straight-line depreciation method, the amount to be recorded as depreciation expense at December 31st in year 1 is $4.200 $5,600 $6,400 $4,800