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Waterway Industries purchased a depreciable asset for $612000 on April 1, 2018. The estimated salvage value is $66000, and the estimated total useful life is

Waterway Industries purchased a depreciable asset for $612000 on April 1, 2018. The estimated salvage value is $66000, and the estimated total useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2021 when the asset is sold?

$291200

$336700

$254800

$300300

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