Question: On January 2 , 2 0 2 3 , Kellogg Corporation acquired equipment for $ 8 0 0 , 0 0 0 . The estimated

On January 2,2023, Kellogg Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 90,000 hours. The estimated residual value is $10,000. What is the book value of the asset on December 31,2024, if Kellogg Corporation uses the straight - line method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the neacest dollar.)
A. $800,000
B. $642,000
C. $790,000
D. $484,000
On January 2,2023, Kellogg Corporation acquired equipment for $800,000. The estimated

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