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Kegging& Canning Inc. acquired equipment on June30, 2013, for$175,000. The residual value is$35,000 and the estimated life is 5 years or40,000 hours. Compute the balance

Kegging& Canning Inc. acquired equipment on June30, 2013, for$175,000. The residual value is$35,000 and the estimated life is 5 years or40,000 hours. Compute the balance in Accumulated Depreciation as of December31, 2015, if Kegging& Canning Inc. uses the doubleminus

decliningminus

balance method of depreciation.

A.

$117,600

B.

$105,840

C.

$124,600

D.

$99,680

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