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  3. the cost of an asset is $1,030,000 and its residua

The cost of an asset is $1,030,000 and its residual value is $180,000. Estimated useful...

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Accounting

The cost of an asset is $1,030,000 and its residual value is $180,000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double-declining-balance method of depreciation.

A. $128,750

B. $257,500

C. $212,500

D. $106, 250

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