I did 1/10 x 100= 10% x 2= 20%

Then i multipy 1,040,000 x 20% and get 208,000.

What am I doing wrong?

The cost of an asset is $1,040,000, and its residual value is $270.000. Estimated usefulife of the asset is ten 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) A. $77,000 OB. $166,400 OC. $104,000 O D. $154,000