Murgatroyd Co. purchased equipment on January 1, 2016, for $520,000, estimating a four-year useful life and no residual value. In 2016 and 2017, Murgatroyd depreciated the asset using the sum-of-years'-digits method. In 2018, Murgatroyd changed to straight-line depreciation for this equipment. What depreciation would Murgatroyd record for the year 2018 on this equipment? (Do not round your depreciation rate.)

Multiple Choice

• $ 78,000.

• $130,000.

• $156,000.

• None of these answer choices are correct.