On January 2, 2019, Kaiman Corporation acquired equipment for $500,000. The estimated Ife 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. $100,000 O B. $200,000 O C. $196,000 OD. 598,000