On January 2, 2019, Kellogg Corporation acquired equipment for $600,000. The estimated life of the equipment is 5 years or 50,000 hours. The estimated residual value is $10,000 What is the book value of the asset on December 31, 2020, it Kellogg Corporation uses the straight-line method of depreciation (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) OA 5000.000 OB 1500.000 OC 482.000 OD 5364,000 On January 2, 2019, Helmkamp Company purchased a $60,000 machine. It had an estimated useful le of 5 years and a residual value of $5,000. What is the amount of depreciation expense for 2020, the second year of the asse's life, using the double declining - balance method? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar) O A $10,800 B. $24,000 OC. $14.400 OD. $12.000 To record the accrued interest on a note payable at the end of the accounting period, a journal entry should be written to debit A. Interest Payable OB Cash OC. Notes Payable OD. Interest Expense