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On January 1, 2019 Fantasy Cruise Lines purchased a ship for $1,000,000. The ship has a 10 year useful life and an estimated residual value

On January 1, 2019 Fantasy Cruise Lines purchased a ship for $1,000,000. The ship has a 10 year useful life and an estimated residual value of $100,000. The company uses the double declining balance method. What is the amount of depreciation expense for the year ended December 31, 2020 (year 2)? A. $180,000 B. $0 C. $160,000 D. $200,000

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