QUESTION 15 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 B) $125,000 OC) $250,000 D) $208,125 QUESTION 16 A company purchased a computer on July 1, 2019 for $50,000. The estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces? A) the units-of-production method B) the straight-line method C) the double-declining-balance method D) the first-in, first-out method QUESTION 17 Gulfcoast Company purchased a van on January 1, 2019, for $930,000. Estimated life of the van was five years, and its estimated residual value was $95,000. Gulfcoast uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2019. A) $755,625 B) $871,875 OC) $835,000 D) $763,000