Finanz Inc. is a German firm located in Frankfurt. The firm purchased factory equipment on April 1, 2019, for EUR 160,000 . The firm's accountant estimated that the equipment would have a EUR 20,000 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 on December 31,2019 , is Select one: a. EUR 14,000. b. EUR 16,000 . c. EUR 12,000 . d. EUR 10,500