A company purchased equipment on January 1, 2022, for $930,000, estimating a five-year service life and $90,000 residual value. In 2022 and 2023 , the company depreciated the asset using the double-declining-balance method. In 2024, the company changed to straight-line depreciation for this equipment. What depreciation would the company record for the year 2024 on this equipment? Note: Do not round your depreciation rate. Multiple Choice $96,000 $81,600 $89,333 $170.000