On january 2 2011 kj corporation acquired equipment for, Ask an Expert

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On January 2. 2011 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, 2012, if KJ Corporation uses the straight- line method of depreciation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9991154

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