Question 10 Not yet answered Marked out of 1.00 A company purchased factory equipment on April 1, 2017 for $160,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 10- year useful life. Using the straight-line method of depreciation, the balance of accumulated depreciation at December 31, 2018 is Select one: a. $14,000 b. $28,000 c. $24,500 d. $17,500