On September $30,2024,$ Crater Lake Enterprises purchased a machine for $$210,000.$ The estimated service life is $10$ years with a $$23,000$ residual value.

Crater Lake records partial$-$year depreciation based on the number of months in service.

Depreciation for $2024$ using the straightline method is:

$$5,250$

$$4,675$

$$17,750$

$$14,025$