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Nagini Co. purchased equipment on January 1, 2019, for $960,000, estimating a five-year useful life and $120,000 residual value. In 2019 and 2020, Nagini depreciated

Nagini Co. purchased equipment on January 1, 2019, for $960,000, estimating a five-year useful life and $120,000 residual value. In 2019 and 2020, Nagini depreciated the asset using the double-declining-balance method. In 2021, Nagini changed to straight-line depreciation for this equipment. What depreciation would Nagini record for the year 2021 on this equipment?

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