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.) $250,000 $244,800 $600,000 $300,000 Adabayo Corporatioh has purchased a group of assets for $10,616. The assets and their relative market values are listed below. Which of the following amounts would be debited to the Land account? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) $10,962 $4.233 $3,654 $5,684 The cost of an asset is $1,170,000, and its residual value is $220,000. Estimated useful life of the asset is ten years. Calculate depreciation for the first year using the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) $234,000 $190,000 $95,000 $214,000