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On january 2 2011 kj corporation acquired equipment for

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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?

Reference no: EM13613577

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