its recreation room on January 1, 2016 for a cost of $60 000. The equipment is estimated to have a $5000 residual value and a five-year useful life. It is also estimated that the equipment will be used more than 100 000 times over its five-year life. As the condominium corporation's accountant, you have been asked to analyze the following independent amortization scenarios. Please be sure to show your calculations. A. If the condominium corporation uses the straight-line amortization method, how much amortization expense should be recorded for the year ended December 31, 2016