On January 2, 2023. Kornis Corporation acquired equipment for $1,000,000. The estimated life of the equipment is 5 years or 40,000 hours The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31,2023 , if Kornis Corporation uses the double - declining - balance method of depreciation? A. $200,000 B. $392,000 C. $400,000 D. $196,000