The cost of an asset is $1,110,000, and its residual value is $240,000. 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.) A. $174,000 B. $87,000 C. $111,000 D. $222,000