On October $1,2025,$ Ace Company places a new asset into service. The cost of the asset is $$120,000$ with an estimated $5-$year life and $$30,000$ salvage value at the end of its useful life. What is the depreciation expense for $2025$ if accompany uses the straight$-$line method of depreciation?

$$ $$6,000$

$$12,000$

$$4,500$

$$24,000$