On October 1, 2018. ABC Company places a new asset into service. The cost of the asset is $20,000 with an estimated 5-year life and $5,000 salvage value at the end of its useful life. What is the book value of the asset on the December 31, 2019, balance sheet assuming that ABC Company uses the double-declining balance method of depreciation? A. B. $ 7,200 $12.500 $13,100 $18,000 $10,800 E