On January 2,2019,Kornis Corporation Acquired Equipment for $1,500,000

On January 2,2019,Kornis Corporation acquired equipment for $1,500,000.The estimated life of the equipment is 5 years or 90,000 hours.The estimated residual value is $50,000.What is the balance in Accumulated Depreciation on December 31,2019,if Kornis Corporation uses the double-declining-balance method of depreciation?

A) $290,000
B) $300,000
C) $580,000
D) $600,000