On January 2, 2006, KJ Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2006, if KJ Corporation uses the double- declining- balance method of depreciation?

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The Answer of On January 2, 2006, KJ Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2006, if KJ Corporation uses the double- declining- balance method of depreciation?

On January 2, 2006, KJ Corporation Acquired Equipment for $260,000