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Find the amount to be recorded as depreciation expense

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Reference no: EM132798196

Question - A company purchased factory equipment on April 1, 2017 for €240,000. It is estimated that the equipment will have a €30,000 residual (salvage) value at the end of its 10-year useful life. Using the straight-line method of depreciation, find the amount to be recorded as depreciation expense at December 31, 2017?

a. €24,000.

b. €18,000.

c. €15,750.

d. €21,000.

Reference no: EM132798196

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