Newhart Advertising signs a $10-$year lease for a building owned by High$-$Rise Properties, Inc. that is appropriately classified as an operating lease by both the lessee and lessor. Lease payments are $$350,000$ on January $1$ each year, with the first payment due on January $1,$ Year $1.$ The building has a fair value of $$6,000,000$ at the commencement of the lease, an estimated useful life of $30$ years, and no residual value. High$-$Rise uses straight$-$line depreciation. The interest rate implicit in the lease is $6\%.$

What amount would High$-$Rise Properties record for annual depreciation expense on December $31,$ Year $1?$

Select one:

a$.$ $$600,000$

b$.$ $$234,051$

c$.$ $$91,020$

d$.$ $$200,000$

e$.$ $$0$