On January 2,2015,Konan Corporation Acquired Equipment for $300,000

question 129

Multiple Choice

On January 2,2015,Konan Corporation acquired equipment for $300,000.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 31,2016,if Konan Corporation uses the double-declining-balance method of depreciation?

• A)$192,000
• B)$195,200
• C)$208,000
• D)$240,000

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Definitions:

Original Element

Refers to the initial or unchanged data or object in a context where alterations might be applied.

Pointer

A variable that stores the memory address of another variable, allowing for indirect access to that variable.

Array Element

An individual value or item stored in an array, accessible by an index representing its position within the array.

Expression

A combination of operators and operands that evaluates to a value in programming.