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On october 1st 2012, Ming wo LTD places a new asset into service. The cost of the asset is $9,000 5-year life and $1,500 residual
On october 1st 2012, Ming wo LTD places a new asset into service. The cost of the asset is $9,000 5-year life and $1,500 residual value. Assuming Ming Wo uses the double diminishing balance method of depreciation, what is the carrying amount of the asset at December 31st, 2012
A) 8,100
B) 6,750
C)6,000
D)3,600
E)5,400
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