The cost of an asset is $1,110,000, and its residual value is $110,000. 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.)
A) $138,750
B) $125,000
C) $250,000
D) $208,125
D) $208,125
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A) selling-oriented B) product-oriented C) production-oriented D) marketing-oriented E) consumer-oriented
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What will be an ideal response?