Equipment was purchased for $$311000.$ Freight charges amounted to $$13900$ and there was a cost of $$40800$ for building a foundation and installing the equipment. It is estimated that the equipment will have a $$59800$ salvage value at the end of its $5-$year useful life. Depreciation expense each year using the straight$-$line method will be

$$73140.$

$$51260.$

$$50240.$

$$61180.$