Using the Straight line method calculate the depreciation in the annual depreciation expenses for the following scenario:

TDB Co. bought a heavy duty machinery for its production on June 3, 2010 at a price of $300,000 with credit terms of 2/10, n/30. In order to purchase this machinery, TDB has to incur the following additional expenses on the same date: Sale tax of 15%, Transportation charges of $4,000; and Installation charges of $10,000.00

It is the company's policy to depreciate the machinery over the 5 years. This machine has a scrape value of $10,000. TBD closes its accounting year on December 31 each year. Show your answer is correct.