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On January 2, 2019, Kornis Corporation acquired equipment for $ 800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated

On January 2, 2019, Kornis Corporation acquired equipment for $ 800,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $ 40,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double-declining-balance method of depreciation?

A. $160,000

B. $320,000

C. $152,000

D. $304,000

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