Murgatroyd Co. purchased equipment on January 1, 2019, for $820,000, estimating a five-year useful life and $90,000 residual value. In 2019 and 2020, Murgatroyd depreciated the asset using the double-declining-balance method. In 2021, Murgatroyd changed to straight-line depreciation for this equipment. What depreciation would Murgatroyd record for the year 2021 on this equipment? (Do not round your depreciation rate.)

Multiple Choice

• $95,333.

• $102,000.

• $ 68,400.

• $170,000.