Pepper Company plans to depreciate a new building using the double declining- balance depreciation method. The building cost is $1,720,000. The estimated residual value of the building is $220,000 and it has an expected useful life of 25 years. What is the building's book value at the end of the first year? $1,651,200. $1,582,400. $1,362,400. $1,856,200. $1,596,000