Business, 25.11.2020 14:00 yourmumsanoodle
On January 2, 2019, Kaiman Corporation acquired equipment for $ 600,000. The estimated life of the equipment is 5 years or 50,000 hours. The estimated residual value is $ 10,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Kaiman Corporation uses the straightminusline method ofdepreciation?
a.118,000
b.240,000
c.120,000
d.236,000
Answers: 3
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