The cost of an asset is $1,200,000, and its residual value is $200,000. Estimated useful life of the asset is four 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 $300,000 O $600,000 O $244,800 O $250,000 haring your screen Stop staring OOCH