4 of 34 (0 complete)This Test: 100 pts po Question Help lhis Question: 3 pts the asset is eight years. The cost of an asset is $1,090.000, and its residual value is $300,000. Estimated useful life of Calculate depreciation for the first year using the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar) O A. $98,750 OB. $136,250 O C. $197,500 O D. $272,500