A building was purchased on $\frac{5}{1}\frac{?}{24}$ for $$375,000.$ The useful life of the building is $20$ years and it is expected to have a salvage value of $$20,000$ at the end of it's useful life. What is the depreciation expense that should be recorded at $12/31/2024?$

$$375,000$

$$12,500$

$$18,750$

$$11,833$