Double decline rate = 100/5*2 = 40%
Depreciation expense 2019 = 1100000*40% = 440000
So answer is d) $440000
On January 2, 2019, Kornis Corporation acquired equipment for $1,100,000. The estimated life of the equipment...
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On January 2, 2019, Kaiman Corporation acquired equipment for $800,000. 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 Kaiman Corporation uses the straight-line method of depreciation? O A. $158,000 OB. $160,000 O C. $320,000 OD. $316.000
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