Broadway Ltd purchased equipment on January 1, 2019, for $700.000, estimating a eight-year useful life and no residual value in 2019 and 2020. Broadway depreciated the asset using the straight-line method in 2021, Broadway changed to sum-of-years-digits depreciation for this equipment. What depreciation would Broadway record for the year 2021 on this equipment? (Do not round your depreciation rate.) Multiple Choice $175.000 $75.000 $87,500 $150.000