Equipment Was Purchased for $85,000 on January 1, 2021

Multiple Choice

Equipment was purchased for $85,000 on January 1, 2021.Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment.It is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life.What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used?

A) $33,400.
B) $16,700.
C) $14,300.
D) $28,600.