Cullumber Motor Corporation bought equipment on January $1,2025.$ The equipment cost $$490000$ and had an expected salvage value of $$40000.$ The life of the equipment was estimated to be $4$ years. If the straight$-$line depreciation method is used, the book value of the equipment at the beginning of the third year would be

$$490000.$

$$265000.$

$$225000.$

$$450000.$