Murgatroyd Co. purchased equipment on January 1, 2019, for $930,000, estimating a five-year useful life and $100,000 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

$ 78,267.

$180,000.

$97,333.

$104,000.