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How much amount will be depreciated for the asset

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Question 1: The Vulcan Community Hospital purchased $1,500,000 worth of an MRI. The hospital paid $6,000 for transportation and paid $8,000 for installation. The Asset life is 10 years. The salvage value is $200,000. If the hospital uses the Double Declining Balance depreciation method, how much amount will be depreciated for the asset at end of the 10th year?

Option 1: $2.570

Option 2: $1.581

Option 3: $3.206

Option 4: $1.010

Reference no: EM132499337

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