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Business, 15.04.2020 23:05 ayowazzzgood

On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double-declining-balance method of depreciation?

A) $290,000

B) $300,000

C) $580,000

D) $600,000

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On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the...

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