UMPI Corporation purchased factory equipment that was installed and put into service January $1,2017,$ at a total cost of $$180,000.$ Salvage value was estimated at $$10,000.$ The equipment is being depreciated over five years using the straight$-$line depreciation method. For the year $2018,$ UMPI should record depreciation expense on this equipment of

$36,000$

$34,000$

$32,000$

$180,000$