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Can someone answer me this? The cost of an asset is $1,110,000, and its residual value is $110,000. Estimated useful life of the asset is

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The cost of an asset is $1,110,000, and its residual value is $110,000. Estimated useful life of the asset is eight years. 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 dollar.) OA. $138,750 O B. $125,000 OC. $250,000 O D. $208,125

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