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On January 2, 2023, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual

On January 2, 2023, Kaiman Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31,2024 , if Kaiman Corporation uses the straight - line method of depreciation? A. $160,000 B. $320,000 C. $156,000 D. $312,000

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