$300 $3110 2 points On January 1, 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? $300,000 $580,000 $600,000 $290,000 2 points Which of the following transactions includes a credit