A company purchased factory equipment on June 1, 2017 for $4,000,000. It is estimated that the equipment will have a $250,000 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, 2017, is Select one a 187,500 b. 156,250 C.X375,000 d. *218,750