The cost of an asset is $1,010,000, and its residual value is $110,000. 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.) OA, OB. OC. O D. $404,000 $202,000 $180,000 $360,000 Gulfcoast, Inc. purchased a van on January 1, 2019, for $860,000. Estimated ife of the van was five years, and its estimated residual value was $93,000. Gulfcoast uses the straight-line method of depreciation. Calculate the book value of the van at the end of 2019. OA. $706,600 B. $767,000 C. S806,250 O D. $698,750