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On January 2, 2019, McNally's Extra Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated

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On January 2, 2019, McNally's Extra Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2020, if McNally's Extra Corporation uses the double-diminishing-balance method of depreciation? O A. $76,800 OB. $43,200 OC. $36,000 OD. $23,200 Click to select your

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