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The cost of an asset is $1,100,000, and its residual value is $300,000. Estimated useful life of the asset is ten years. Calculate depreciation for

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The cost of an asset is $1,100,000, and its residual value is $300,000. Estimated useful life of the asset is ten 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.) O A. $160,000 OB. $110,000 O C. $220.000 OD. $80,000

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