Accounting help

On January 2, 2019, Konrad Corporation acquired equipment for $900,000. The estimated life of the equipment is 5 years or 58,000 hours. The estimated residual value is $30,000. If Konrad Corporation uses the units of production method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2020, assuming that during this period, the asset was used 8,000 hours? O A. $120,000 O B. $128,276 OC. $174,000 OD. $124,138 On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straight-line method of depreciation? O A. $158,000 O B. $160,000 OC. $320,000 OD. $316,000 On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double-declining - balance method of depreciation? O A. $216,000 OB. $220,000 OC. $432,000 OD. $440,000 Wisconsin Bank lends Local Furniture Company $170,000 on November 1. Local Furniture Company signs a $170,000, 12%, 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is: O A. debit Interest Expense and credit Cash for $3,400 O B. debit Interest Expense and credit Interest Payable for $3,400 O C. debit Interest Payable and credit Interest Expense for $3,400 OD. debit Interest Payable and credit Cash for $3,400