Equipment was purchased for $$60,000.$ Freight charges amounted to $$2,800$ and there was a cost of

$$8,000$ for building a foundation and installing the equipment. It is estimated that the equipment will

have a $$12,000$ salvage value at the end of its $5-$year useful life. Depreciation expense each year using

the straight$-$line method will be

$$14,160$

$$11,760.$

$$9,840.$

$$9,600.$