On January 2, 2010, KJ Corporation acquired equipment for $260,000. 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, 2011, if KJ Corporation uses the

doubleminusdeclining

balance method of depreciation?

A.

$166,400

B.

$104,000

C.

$38,400

D.

$104,000