The price of the machine is $80,000, as mentioned in the invoice and the sales tax is 5%. The manager of the company paid $6000 for the installation and $4000 for transportation. The interest charges on the loan which is used to acquire the asset is $6000 which is going paid during the year. The company has paid a testing fee of $6000. The asset's useful life is 5 years with a salvage value of $20000.

What is the Depreciation expense using Straight-line Depreciation Method