Pharoah Company purchased a machine with a list price of $158000. They were given a 5% discount by the manufacturer. They paid $1500 for shipping and sales tax of $8500. Pharoah estimates that the machine will have a useful life of 10 years and a salvage value of $40000. If Pharoah uses straight-line depreciation, annual depreciation will be

A) $11940.

B)$16010.

C) $11010.

D) $12010.