The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by $30\%.$ Currently, sales are $$660,000$ per year and cost of sales are $60\%$ of sales. The equipment is expected to last for $6$ years with no residual value. The cash outflow expected at the beginning of the year is $$423,600.$

What is the amount of depreciation deduction the company could expense annually assuming the straight$-$line depreciation method is used?

options:

$$70,600$

$$28,240$

$$42,360$

$$55,000$