On January 1, 2017, Courts Company purchased tennis ball machines for $2,100,000 and depreciated them by the straight-line method using an estimated useful life of eight years with no salvage value. On January 1, 2020, Courts determined that the machines had a useful life of six years from the date of acquisition with an estimated salvage value of $150,000. An accounting change was made in 2020 to reflect this updated information. The accumulated depreciation for these machines should have a December 31, 2020, balance of $1,175,000 $1,368,750 $1,225,000 $1.137,500