A company purchased equipment at the beginning of 2021 for $650,000. In 2021 and 2022, the company depreciated the asset on a straight-line basis with an estimated useful life of eight years and a $10,000 residual value. At the beginning of 2023, due to changes in technology, the company revised the useful life to a total of six years (four more years) with zero residual value. What depreciation expense would the company record for the year 2023 on this equipment? Multiple Choice $81,667. O $122,500. $108,333 $106,667