Equipment was purchased for $$240000.$ Freight charges amounted to $$4500$ and there was a cost of $$15000$ for building a foundation and installing the equipment. It is estimated that the equipment will have a $$32000$ salvage value at the end of its $5-$year useful life. Depreciation expense each year using the straight$-$line method will be

$$41600.$

$$45500.$

$$44100.$

$$51900.$