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The cost of an asset is $ 1 comma 050 comma 000$1,050,000, and its residual value is $ 150 comma 000$150,000. Estimated useful life of
The cost of an asset is
$ 1 comma 050 comma 000$1,050,000,
and its residual value is
$ 150 comma 000$150,000.
Estimated useful life of the asset is
eighteight
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.)
options
A.112,500
B. 196,875
C. 225,000
D. 131, 250
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