Chandler Company purchased a factory machinery on May 1, 2030 for 133,500 with an estimated 5-year life. It is estimated that the machinery will have a22,000 salvage value. What is the amount of depreciation expense at December 31, 2030 using the straight-line method of depreciation?
1) $14,867
2) $22,300
3) $26,700
4) $17,800
5) $20,733