Equipment was purchased for $86200 on January 1, 2021. Freight charges amounted to $2800 and there was a cost of $12000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $17000 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?

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