View Policies 5 of 20 Current Attempt in Progress -/5 E 1 Equipment was purchased for $313000. Freight charges amounted to $13100 and there was a cost of $40800 for building a foundation and installing the equipment. It is estimated that the equipment will have a $59600 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be O $61460. O $51820. O $73380. O $50680. Save for Later Attempts: 0 of 1 used Submit Answer