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- 35. On January 2, 2016, Kansas Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The

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- 35. On January 2, 2016, Kansas Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual va What is the balance in Accumulated Depreciation on December 31, 2017, if Kansas Corporation uses the double-diminishing-balance method of depreciation? a. $23,200 b. $36,000 c. $43,200 d. $76,800

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