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 Cottonwood Company uses the straight-line method of depreciation?

a.) $43,000

b.) $12,667

c.) $38,000

d.) $14,333

e.) $25,000