Murgatroyd Co. purchased equipment on January 1, 2019, for $940,000, 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

$ 79,467.

$98,000.

$91,333.

$180,000.