Piazza Co. purchased a machine on July 1, 2020, for $1000000. The machine has an estimated useful life of five years and a salvage value of $200000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2020, Piazza should record depreciation expense on this machine of $120000 $200000 $300000 $150000