On January 1, 2017, NapSacks, Inc. acquired machinery at a cost of $1,425,000. NapSacks adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no salvage value. At the beginning of 2020, a decision was made to change to the straight-line method of depreciation for the machinery with an updated salvage value of $1,425. The depreciation expense for 2020 would be $72,960 $104,025 $203,000 $142,500