Question 30

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Ahmad 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 amount to be recorded as depreciation expense at December 31, 2017 is

Select one:

a. $12,000.

b. $10,500

c. $14,000.

d. The answer does not exist

e. $16,000.