Previous Page Next Page Page 1 of 6 Question 1 (0.5 points) A company purchased factory equipment on April 1, 2017, for $69,600. It is estimated that the equipment will have a $12,000 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 at December 31, 2017, is $5,760 $4,320 $6,960 $5,220