Pharoah Company purchased equipment in January of $2016$ for $$407000.$ The equipment was being depreciated on the straight$-$line method over an estimated useful life of $20$ years with no salvage value. At the beginning of $2026,$ when the equipment had been in use for $10$ years, the company paid $$54000$ to overhaul the equipment. As a result of this improvement, the company estimated that the useful life of the equipment would be extended an additional $5$ years. What amount of depreciation expense will be recorded for this equipment in $2026?$

$$13358$

$$20350$

$$10175$

$$17167$