empLIPTORESS On October 1, 2018, Ming Wo Ltd. places a new asset into service. The cost of the asset is $16,000 with an estimated 5-year life and $4,000 residual value. If Ming Wo uses straight-line depreciat the depreciation expense for the year ended January 31, 2019 is O $800. O $2,400. $1,067. $ 600. Save for Later Attempts: 0 of 1 used Submit Am