A company purchased equipment on January 1,2022 , for $980,000, estimating a eight-year service life and no residual value. In 2022 and 2023 , the company depreciated the asset using the straightline method. In 2024, the company changed to sum-of-years'-digits depreciation for this equipment. What is the amount of depreciation that the company should record for the year 2024 on this equipment? Note: Do not round your depreciation rate. Multiple Choice $210,000 $122,500 $245,000 $105,000