Equipment was purchased for R.0.75,000. Freight charges amounted to R.0.3,500 and there was a cost of R.0.10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a R.0.10,000 residual value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be Select one: a. R.O.14.700 O b. R.0.15.700 O c.R.0.16,700 d. R.0.17.700