A company purchased equipment on January 1 at a total invoice cost of $400,000. The equipment has an estimated salvage value of $50,000 and an estimated useful life of 4 years. What is the amount of accumulated depreciation at December 31 of the third year if the straight-line method of depreciation is used? $215,000 O $175,000 $87.500 $156,000 $262.500