An asset has a cost of $60,000 with a residual value of $12,000. It has a life of 5 years and was purchased on January 1. Its fourth full year of depreciation expense under double - declining -...

Extracted text: An asset has a cost of $60,000 with a residual value of $12,000. It has a life of 5 years and was purchased on January 1. Its fourth full year of depreciation expense under double - declining - balance will be: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) O A. $5,184. O B. $8,640. O C. $0. O D. $960.