Aggie Company purchased equipment on January 1, 2021. The following information is available concerning the purchase: Invoice price $12.000
Shipping charges $950
Purchase terms 3/10, net 30
Payment date january 8, 2021
Installation costs $300
Trial run material $100
Trial run labor $200
Insurance for first year $400
The equipment is being depreciated using the straight-line method over a 10-year life with a salvage value of $1,000. Depreciation expense for 2021 would be what amount? A. $1,219 B. $1,259 C. $1,319 D. $1,124 E. $1,289