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On October 1, 2012, Ming Wo Ltd. places a new asset into service. The cost of the asset is $9,000 with an estimated 5-year life and $1,500 residual value. Assuming that Ming Wo uses the double diminishing-balance method of depreciation, what is the carrying amount of the asset at December 31, 2012?
Class Interval
A range of values in a dataset that is used to organize data into categories or groups for frequency distribution analysis.
Frequency Distribution
The representation, either in graphical or tabular format, of how often each distinct value occurs in a set of data.
Class Interval
A range of values in a data set that are divided into different classes or categories for frequency distribution analysis.
Class Interval
A range of values within a dataset into which data points are grouped for frequency distribution analysis, often used in histograms.
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