Suppose the company purchases the following asset: Cost = $12,000 ($11,000+ $1,000 for shipping and install) Residual value = $2,000 (estimated selling price in 5 years). Expected useful life = 5 years What is the amount of depreciation expense in year 4 if the company uses a 200% declining balance depreciation method? $592 $0 $2,000 $1,036.80