12. On July 1, 2018 Ben company ltd. purchased a luxury car for $4,000,000. On November 30, 2018 the car was delivered and placed in operation on January 1, 2019. When the car arrived at Israel, the company paid an additional $400,000 for import tax. The company estimates the salvage value as 2.5% from the total cost and its useful life as 4 years. The company depreciates the car using double declining balance method (DDB). What will be the net amount in the balance sheet as of December 31, 2020, related to the car? a. $1,000,000 b. $1,100,000 c. $2,200,000 d. $900,000 e. None of the above