On January 1, 2019, Ivanhoe Corporation acquired machinery at a cost of $1540000. Ivanhoe 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. Assuming a 40% tax rate, the cumulative effect of this accounting change on beginning retained camings, is $0. O $289520. $173712 O $172480. Click if you would like to Show Work for this question: Open Show Work Question Attemptsi 0 of 2 used