An entity purchased equipment on January 1, 2019 for 5,000,000. The equipment had a useful life of 5 years and residual value of 600,000. The policy is to depreciate 5-year assets using the 200%...

An entity purchased equipment on January 1, 2019 for 5,000,000. The equipment had a useful life of 5 years and residual value of 600,000. The policy is to depreciate 5-year assets using the 200% double declining method for the first 2 years and then switch to straight line. What amount should be reported as accumulated depreciation on December 31, 2021?