A new piece of farming equipment cost $$20,000$ and has an estimated life of $12$ years with a scrap value of $$3,000.$ Using the straight$-$line method, find the annual amount of depreciation.

$$1,416\mathrm{.}67$

$$1,263\mathrm{.}29$

$$1,512\mathrm{.}62$

$$1,911\mathrm{.}21$