Broadway Ltd. purchased equipment on January 1, 2019, for $840,000, estimating a six-year useful life...
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Broadway Ltd. purchased equipment on January 1, 2019, for $840,000, estimating a six-year useful life and no residual value. In 2019 and 2020, Broadway depreciated the asset using the straight-line method. In 2021, Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2021 on this equipment? (Do not round your depreciation rate.)
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