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Question

On January​ 2, 2019, Kornis Corporation acquired

equipment for $ 1,100,000


$1,100,000. The estimated life of the equipment is 5 years or


90,000 hours. The estimated residual value is

$20,000. What is the balance in Accumulated Depreciation on December​ 31, 2019, if Kornis Corporation uses the double-declining method


−balance method of​ depreciation?

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