On August $31$ of the current year, DHS Company acquired equipment for $$40,000.$ The expected useful life is $5$ years and the residual value is $$800.$ Compute depreciation expense for the current year ended December $31$ under the following methods.Note: Carry all decimals in calculations; round the final answer to the nearest dollar.a$.$ Straight$-$lineb. Sum$-$of$-$the$-$years$-$digitsc. Double$-$declining$-$balance