On March $1,2024,$ Eagle Corp. acquired equipment for $$220,000.$ The estimated life of the equipment is $5$ years or $80,000$ hours. The estimated residual value is $$20,000.$ What is the depreciation expense for $2024,$ if Eagle Corp. uses the asset $14,200$ hours and uses the activity based depreciation method? $($round tithe nearest dollar$)$O $$29,583$O $$32,542$O $$35,500$O $$39,050$ None of the above.