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The cost of an asset is $1,090,000, and its residual value is $150,000. Estimated useful life of the asset is four years. Calculate depreciation for

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The cost of an asset is $1,090,000, and its residual value is $150,000. Estimated useful life of the asset is four years. Calculate depreciation for the first year using the double-declining-balance method of depreciation. $235,000 O $545,000 $272,500 $470.000

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