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The cost of an asset is $1,150,000, and its residual value is $240,000. Estimated useful life of the asset is eight years. Calculate depreciation for

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The cost of an asset is $1,150,000, and its residual value is $240,000. Estimated useful life of the asset is eight years. Calculate depreciation for the second 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. $227,500 O B. $143,750 OC. $113,750 OD. $215,625

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