legally paid for no matter when they were legally incurred

Question $10(1$ point$)$

A brand new machine is purchased at the beginning of the year for $$600,000.$ Its useful life is estimated at $5$ years with a salvage value estimated at $$66,000.$ Using the straight line method, how much depreciation will be charged to the Income Statement on an annual basis?

$$89,000$

$$106,800$

$$98,667$

$$86,669$