Q2: A company purchased factory equipment on January 1, 2011 for 80,000. It is estimated that the equipment will have a 10,000 residual value at the end of its 10-year useful life. Using life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2011 is ..............(Difficulty: Easy, 3 minutes) Calculations