34) The cost of an asset tis $1,110,000, and its residual value is $300,000. Estimated useful life of the asset is five yea rs. Calculate depreciation for the second year using the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest datlar.) A) $324,000 B) $222,000 C) $162,000 266,400