Your Corporation, a calendar-year company, acquired a new machine on 1/1/22. The cost of the machine is $750,000, and the machine has an estimated useful life of 10 years (or 800,000 units of product). The machine has an expected salvage value of $60,000. Calculate depreciation expense using double-declining balance method, for 2023. Accumulated depreciation at the beginning of the year was $150,000