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On January 2, 2019, Komis Corporation acquired equipment for $1,100,000. The estimated ife of the equipment is 5 years or 40,000 hours. The estimated residual

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On January 2, 2019, Komis Corporation acquired equipment for $1,100,000. The estimated ife of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. What is the balance in Acoumulated Depreciation on December 31, 2019, if Konis Corporation uses the double-declining-balance method of depreciation? O A $220,000 OC. $216,000 $432,000 OD. $440,000

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