9 of 30 (26 complete) | This Question: 1 pt his Test: 30 pts p On January 2, 2019, Kornis Corporation acquired equipment for $1,300,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual value is $40,000 What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double-declining-balance method of depreciation? OA. S504.000 O B. $252,000 O C. $260,000 O D. $520,000 ay Click to select your answer et 11:03 AM 12/11/20182 Home End Insert Backspace 8 9 O F Enter