On May $1,2015,$ Casico Toy Inc. purchased a new piece of equipment that cost $$52,000.$ The estimated useful life is five years and the estimated residual value is $$4,000.$ During the five years of useful life the equipment is expected to produce $20,000$ units.

If Toy Inc. uses the straight line method for depreciation, what is the depreciation expense for the year ended, December $31$st$,2015$:

Multiple Choice

$$9,600$

$$6,933$

$$6,400$

None of the other alternatives are correct

$$5,600$