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On January 2, 2019, Kellogg Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual

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On January 2, 2019, Kellogg Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual value is $30,000. What is the book value of the asset on December 31, 2020, If Kellogg Corporation uses the straight - Ine method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) O A. $300,000 OB. $270,000 OC. $192,000 OD. $246,000

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