Vaughn Manufacturing purchased a machine on July 1, 2020, for $990000. 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, Vaughn should record depreciation expense on this machine of

$118500.

$148500.

$297000.

$198000.