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Murgatroyd Co. purchased equipment on January 1, 2019, for $910,000, estimating a five-year useful life and $90,000 residual value. In 2019 and 2020, Murgatroyd depreciated

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Murgatroyd Co. purchased equipment on January 1, 2019, for $910,000, 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 O $170,000 O $118,000. O $111,333 O O $ 79,200

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