A company purchased a truck on January 1, 2019 for $160,000. It is estimated that...
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Accounting
A company purchased a truck on January 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
A. $14,000.
B. $16,000.
C. $10,500.
D. $12,000.
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