Bonita Industries purchased a machine on July 1, 2020, for $950000. The machine has an estimated useful life of five years and a salvage value of $195000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2020, Bonita should record depreciation expense on this machine of

$142500.

$190000.

$285000.

$113250.