Matlack Corp acquired equipment on 2/1/19 for $2,400,000. The corporation uses straight line depreciation for book purposes. Estimated useful life 10 years, no salvage value. The equipment was sold on 7/1/23 for $1,500,000. What is the Schedule M-1 adjustment amount for depreciation for 2023, and indicate whether it is a favorable (F) or unfavorable (U) Schedule M-1 Multiple Choice $240,000 F $66,420 U