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The cost of an asset is $1,160,000, and its residual value is $290,000. Estimated useful life of the asset is five years. Calculate depreciation for

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The cost of an asset is $1,160,000, and its residual value is $290,000. Estimated useful life of the asset is five years. Calculate depreciation for the second year using W the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O A. $278,400 O B. $174,000 ion O C. $348,000 O D. $232.000

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