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The cost of an asset is $1,110,000, and its residual value is $110,000. Estimated useful life of the asset is eight years. Calculate depreciation expense

The cost of an asset is $1,110,000, and its residual value is $110,000. Estimated useful life of the asset is eight years. Calculate depreciation expense for the second year using the double-declining-balance method of depreciation. ( round your final answer to the nearest dollar.)

A) $138,750

B) $125,000

C) $250,000

D) $208,125

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