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On January 2, 2023, Kaiman Corporation acquired equipment for $400,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual

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On January 2, 2023, Kaiman Corporation acquired equipment for $400,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2024, if Kaiman Corporation uses the straight - line method of depreciation? A. $74,000 B. $148,000 C. $80,000 D. $160,000

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