Equipment purchased for $80,000 on January 1, 2015, was sold on July 1, 2018. The company uses the straightminusline method of computing depreciation and recognizes $15,000 of depreciation expense annually. When recording the sale, the company should record a debit to Accumulated Depreciation for:

A.$0.

B.$52,500.

C.$60,000.

D.$45,000.

On January 2, 2017, Kornis Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2017, if Kornis Corporation uses the doubledecliningbalance method of depreciation?

A.$308,000

B.$154,000

C.$320,000

D.$160,000