Murgatroyd Co. purchased equipment on January 1, 2019, for $880,000, estimating a five-year useful life and $80,000 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?

a.) 116,000

b.)160,000

c.)78,933

d.) 109,333