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Need help with these thanks Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a

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Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundation and installing the equipment. It is estimated that the equipment wil1 have a $60,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $70,800 $58,800. $49,200. $48 , 000 . gin or ons Save 27

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