Question: how to do this problem answer is A? 15. On January 2, 2019, Sanders Corporation acquired equipment for $900,000. The estimated useful life of the

how to do this problem answer is A?

15. On January 2, 2019, Sanders Corporation acquired equipment for $900,000. The estimated useful life of the equipment is 5 years or 40,000 hours. The estimated salvage value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2020, if Sanders Corporation uses the double-declining balance method of depreciation? Hint: December 31, 2020 is the second year. a. $576,000. b. $352,000. c. $216,000. d. $880,000

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