Question 8 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 depreciation the depreciation expense for the year ended January 31, 2019 is $2,400 $ 600 $800. $1,067 Question Attempts: 0 of 1 used