Exhibit 11-1 on January 1, 2014, Hills Purchased Equipment for $350,000

Exhibit 11-1 On January 1, 2014, Hills purchased equipment for $350,000. The equipment had an estimated useful life of ten years and an estimated residual value of $50,000. Use the double-declining-balance method to answer the following question(s) .
-Refer to Exhibit 11-1. What is the net book value of this asset that Hills should report on the company's balance sheet at December 31, year 2?

A) $142,600
B) $224,000
C) $192,000
D) $102,400