Equipment was purchased for $87100 on January 1, 2021. Freight charges amounted to $200 and there was a cost of $8000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15000 salvage value at the end of year usul life. What is the amount of acumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? $16500 $15340 $29020 533000