the reed company uses the straight-line method to depreciate its equipment. On may 1, 2007, the company purchased some equipment for $200,000. The equipment is estimated to have a useful life of ten years and a salvage value of $20,000. How much depreciation expense should Reed record for the equipment in the adjusting entry on December 31, 2007?

I NEED HELP WITH THE EXPANATION OF THE ANSWER THANKS

a.$6,000

b.$12,000

c.$13,500

d.$18,000