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the cost of an asset is $1,090,000 and its residual value is 300,000. estimated usefulife of the asset is 8 years. calculate depreciation for the

the cost of an asset is $1,090,000 and its residual value is 300,000. estimated usefulife of the asset is 8 years. calculate depreciation for the first year using the double declining balance method. ( do not round any intermediate calculations, and round your final answer to the nearest dollar)

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