Multiple Cholce Question 91 Equipment was purchased for $137500. Freight charges amounted to $5500 and there was a cost of $19000 for building a foundation and installing the equipment. It is estimated that the equipment ll have a $30000 salvage value at the end of its S-year useful life. Depreciation expense each year using the straight-line method will be $26400. O$21500 O $22600. $32400