Multiple Choice Question 97. A company purchased factory equipment on April 1, 2022 for $85000. It is estimated that the equipment will have a $13000 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, 2022 is $8500. $7200. $5400. $6375. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT