The cost of an asset is $1,100,000, and its residual value is $190,000. Estimated useful life of the asset is eight 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. $137,500 OB. $113,750 OC. $275,000 OD. $227,500