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The cost of an asset is $ 1010000?, and its residual value is $ 220000. Estimated useful life of the asset is five years. Calculate

The cost of an asset is $ 1010000?, and its residual value is $ 220000. Estimated useful life of the asset is five years. Calculate depreciation for the first year using the double-declining-balance method of depreciation.? (Do not round any intermediate? calculations, and round your final answer to the nearest? dollar.)

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