Jacob Two Corp purchased an asset that has an installed cost of $1,000,000. The asset qualifies for a 20% CCA rate. What is the beginning UCC for year 2?

Please do not round intermediate calculations. Round the final answer to 2 decimal places.

Please show all your steps that you take to resolve this. Please be very clear, so that I understand what steps you take. If typing, please bold your responses per step. Make sure to follow all rounding instructions.