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On January2, 2019, Kornis Corporation acquired equipment for $900,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual value

On January2, 2019, Kornis Corporation acquired equipment for $900,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December31, 2019, if Kornis Corporation uses the doubledecliningbalance method of depreciation?

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