The cost of an asset is $1,050,000, and its residual value is $280,000. 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. $196,875 O B. $131,250 X c. $192,500 O D. $96,250