On January 2, 2017, Kaiman Corporation acquired equipment for $700, 000. The estimated life of the equipment is 5 years or 100, 000 hours. The estimated residual value is $10, 000. What is the balance In Accumulated Depreciation on December 31, 2018, if Kaiman Corporation uses the straight line method of depreciation? Select one: $140, 000 $280, 000 $138, 000 $276, 000
Show transcribed image text On January 2, 2017, Kaiman Corporation acquired equipment for $700, 000. The estimated life of the equipment is 5 years or 100, 000 hours. The estimated residual value is $10, 000. What is the balance In Accumulated Depreciation on December 31, 2018, if Kaiman Corporation uses the straight line method of depreciation? Select one: $140, 000 $280, 000 $138, 000 $276, 000

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On January 2, 2017, Kaiman Corporation acquired equipment for $700, 000. The estimated life of the equipment is 5 years or 100, 000 hours. The estimated residual value is $10, 000. What is the balance In Accumulated Depreciation on December 31, 2018, if Kaiman Corporation uses the straight line method of depreciation? Select one: $140, 000 $280, 000 $138, 000 $276, 000 Show transcribed image text On January 2, 2017, Kaiman Corporation acquired equipment for $700, 000. The estimated life of the equipment is 5 years or 100, 000 hours. The estimated residual value is $10, 000. What is the balance In Accumulated Depreciation on December 31, 2018, if Kaiman Corporation uses the straight line method of depreciation? Select one: $140, 000 $280, 000 $138, 000 $276, 000

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