On January 1, 2022, Cullumber Corporation acquired machinery for $1720000. 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 2025, 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 2025 is

A.$344000

B.$301000

C. $172000

D.$240800.

On January 1,2022, Cullumber Corporation acquired machinery for $1720000. 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 2025, 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 2025 is $344000 $301000 $172000. $240800