An Asset Has a Cost of $70,000 with a Residual

Multiple Choice

An asset has a cost of $70,000 with a residual value of $14,000. 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.)

A) $10,080.
B) $6,048.
C) $1,120.
D) $0.