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On January 2, 2023, Komis Corporation acquired equipment for $1,200,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual

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On January 2, 2023, Komis Corporation acquired equipment for $1,200,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $50,000. What is the balance in Accumulated Depreciation on December 31,2023 , if Komis Corporation uses the double - declining - balance method of depreciation? A. $240,000 B. $480,000 C. $230,000 D. $460,000

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