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

MLB Co$.$ bought a heavy duty machinery for its production on August $2,2008$ at a price of $$200,000$ with credit terms of $\frac{2}{10},\frac{n}{30}.$ In order to

purchase this machinery, MLB has to incur the following additional expenses on the same date: Sale tax of $15\%$

Transportation charges of $$5,000$; and Installation charges of $$8,000\mathrm{.}00.$ The Company paid for the equipment within the first $30$ days. It is the

company policy to depreciate the machinery over the $10$ years. This machine has a scrape value of $$10,000.$ JK closes its accounting year on December

$31$ each year.