Murgatroyd Co. purchased equipment on January 1, 2019, for $890,000, estimating a five-year useful life and $110,000 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

• $ 70,133.

• $118,000.

• $111,333.

• $190,000.