On September 1, 2030, Tampa Company places a new asset into service. The cost of the asset is $215,000 with an estimated 5-year life and $25,000 salvage value at the end of its useful life. What is the depreciation expense for 2030 if Tampa Company uses the straight-line method of depreciation?

Group of answer choices

$25,000

$12,667

$38,000

$43,000

$14,333