Equipment Was Purchased for $75,000

Equipment was purchased for $75,000.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 residual value at the end of its 5-year useful life.Depreciation expense each year using the straight-line method will be

A) $17,700.
B) $14,700.
C) $12,300.
D) $12,000.