On January 1, 2010, Pinnacle purchased an asset that had an estimated residual value of $700 after an economic life of four years.Pinnacle used sum-of-the-years'-digits depreciation and recorded $1, 560 of depreciation expense in 2012.What was the cost of the asset?
A)$5, 900
B)$7, 100
C)$4, 500
D)$8, 500

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The Answer of On January 1, 2010, Pinnacle purchased an asset that had an estimated residual value of $700 after an economic life of four years.Pinnacle used sum-of-the-years'-digits depreciation and recorded $1, 560 of depreciation expense in 2012.What was the cost of the asset?
A)$5, 900
B)$7, 100
C)$4, 500
D)$8, 500

On January 1, 2010, Pinnacle Purchased an Asset That Had