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25 Peeves Ltd. purchased equipment on January 1, 2019, for $1,040,000, estimating a 8-year useful life and no residual value. In 2019 and 2020, Peeves

25 Peeves Ltd. purchased equipment on January 1, 2019, for $1,040,000, estimating a 8-year useful life and no residual value. In 2019 and 2020, Peeves depreciated the asset using the straight-line method. In 2021, Peeves changed to sum-of-years-digits depreciation for this equipment. What depreciation would Peeves record for the year 2021 on this equipment? 2021 depreciation expanse B 013444 BOOK

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