Question Help On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $30,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double- declining-balance method of depreciation? O A. $294,000 B. S300,000 boit O C. $588,000 O D. $600,000