Answer:
Depreciation expense= $9,600
Explanation:
Giving the following information:
A company purchased factory equipment on April 1, 2022 for $128,000. 10-year useful life.
<u>We weren't provided with the salvage value.</u>
First, we need to calculate the annual depreciation:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 128,000/10= 12,800
<u>Now, for 9 months:</u>
Depreciation expense= (12,800/12)*9= $9,600
