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WILL RATE On January 2, 2019, Konan Corporation acquired equipment for $400,000. The estimated life of the equipment is 5 years or 60,000 hours. The

WILL RATE

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On January 2, 2019, Konan Corporation acquired equipment for $400,000. The estimated life of the equipment is 5 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Konan Corporation uses the double-declining - balance method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) A. $156,000 B. $256,000 C. $390,000 D. $96,000

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