QUESTION 5 A company purchased factory equipment on July 1, 2019 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, 2019 is $7,000 Ob. $14.000 OC $10,000. d. $16,000