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The cost of an asset is $1,040,000, and its residual value is $110,000. Estimated useful life of the asset is five years. Calculate depreciation

The cost of an asset is $1,040,000, and its residual value is $110,000. Estimated useful life of the asset is five years. Calculate depreciation for the second year using the double-declining-balance method of depreciation. OA $372,000 OB. $186.000 Oc. $208,000 OD. $249,600

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