13 On January 1 of Year 1, a company purchased a piece of equipment for $1,200,000 that had an estimated useful life of 8 years and no salvage value. The equipment was depreciated by the double-declining-balance (DDB) method. On January 1 of Year 3, the company changes to the straight-line method. Accumulated depreciation at the end of Year 2 is $525,000. If the straight-line method had been used, the accumulated depreciation at the end of Year 2 would have been $300,000. What is the retroactive adjustment to the accumulated depreciation account on January 1 of Year 3? O $225,000 O $300,000 $0 O $525,000 NEXT > BOOKMARKED