The cost of an asset is $1,160,000, and its residual value is $140,000. Estimated use of the asset is five years Calculate depreciation for the first year using the double-declining balance method of depreciation (Do not round any intermediate calculations, and round your finalaswer to the nearest dolar) OA1232 000 OB. 3454.000 OC $400,000 OD 1204000