Xerxes Corporation ('XC') manufactures proprietary micro chipsets for smart devices. It purchased an automated pick-place-solder machine for $895,000 on June 29, 20x0. Installation was completed by July 31, 20X0 at a cost of $5,000 and the equipment was placed into service on August 1, 20X0. The equipment vendor estimates the expected useful life of the equipment to be 10 years, after which its residual value will be approximately $90,000. XC's year-end is April 30. Management decided to use the double-declining balance method of depreciation and prorates depreciation to the nearest full month. The depreciation expense XC should record for their 20X2 fiscal year (rounded to the nearest $1,000) is: $153,000 $144,000 $135,000 $122,000 $83,000