On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1670000. Cullumber adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Cullumber should record as depreciation expense for 2022 is

$167000.

$0.

$334000.

$501000.