Company D has decided to use group depreciation based on the straight-line depreciation method. The initial pool of assets on which the group depreciation rate is based is as follows: Acquisition Cost Salvage Value Useful Life Asset 1 $64,000 $4,000 6 years Asset 2 90,000 10,000 10 Asset 3 42,000 6,000 9 Asset 4 30,000 05 After using these four assets to compute the group depreciation rate, the company purchased a similar asset, Asset 5, on January 1 for $50,000. What is the total annual depreciation expense for this group of Assets 1 through 5?