A few years ago, XYZ Company purchased a new machine for $1,309,000. The machine was anticipated to last 5 years and its salvage value was estimated to be $120,000, The machine's accumulated depreciation account stood at $837,760 prior to the current year adjustment. Based on the double-declining balance method, the depreciation expense for the current year, the third year of the asset's life, will be equal to $0 O None of the answers are correct. $523,600 $237,800 $188,496