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1134.Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of

1134.Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,700 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be:

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  • A)$7,180 and $66,140.

  • B)$7,180 and $57,440.

  • C)$8,050 and $64,400.

  • D)$8,050 and $55,700.

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