The cost of an asset is $1,030,000, and its residual value is $260,000. Estimated useful life of the asset is ten years. Calculate depreciation for the second year using the double minus−declining minus−balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A. $77,000 

B. $154,000 

C. $103,000 

D. $164,800