Multiple Choice Question 91 Equipment was purchased for $139000. Freight charges amounted to $5000 and there was a cost of $24000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $32000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be $33600. $21400. $27200. $22000. Click if you would like to Show Work for this question: Open Show Work