On January 1, 2011, Concord Corporation purchased equipment at a cost of $396000. The equipment was estimated to have a salvage value of $9000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018?

$48375

$10750

$11000

$49500