Equipment costing $23,000 with an estimated salvage value of $1,400 and an estimated life of 6 years was purchased October 31, 2019. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019?

Equipment costing $23.000 with an estimated salvage value of $1,400 and an estimated life of 6 years was purchased on October 31, 2019. Using the straight line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019? Multiple Choice $5.400 $600 $1400 $300