On September 1, 2019, M purchased machinery for $280,000. Salvage value was estimated at $20,000. The machinery will be depreciated over 4 years using a double-declining balance method. If depreciation is computed on the basis of the nearest full month, what should M record as depreciation for 2020? $93,333 O $116,667 O $122,500 $ 108,333 O 596,667