A company purchased factory equipment on August 1, 2011, for R.0.800,000. It is estimated that the equipment will have a R.0.50,000 residual value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2011, is Select one: a. R.O.43.750 b. R.O.37.500. O c.R.O.75,000 O d.R.O.31,250