Question $12$

$3\mathrm{.}45$ pts

Myst Corporation purchased a depreciable asset for $$600,000$ on January $1,2021.$ The estimated salvage value is $$60,000,$ and the estimated useful life is $9$ years. The straight$-$line method is used for depreciation. In $2024,$ Myst changed its estimates to a total useful life of only $5$ years with a salvage value of $$90,000.$ What is the annual depreciation expense recorded on December $31,2024?$

$$ $$90,000$

$$60,000$

$$180,000$

$$165,000$