#t 1. 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) A) $138,750 1 I B) $125,000 C) $250,000 ni $208 125 QUESTION 16- 1 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 methode CB) the straight-line methode C) the double-declining-balance method OD) the first-in, first-out methode 25 points QUESTION 17- 1. 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 C) $835,000 1 2.5 points QUESTION 18 A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year life. Residual value is expected to be zero. If the truck is driven 27,000 miles during the first year, how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar. ) A) $98,600 I B) $24,480 C) $73,440 D) $44,440