Equipment was purchased for $98700 on January 1, 2021. Freight charges amounted to $2600 and there was a cost of $8000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $25000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? $29340 517620 533720 $16860 A machine was purchased for $186000 and it was estimated to have an $12000 salvage value at the end of it useful life. Monthly depreciation expense of 52465 was recorded using the straight-lint method. The annual depreciation rates 0115.00% 17