16 Kansas Enterprises purchased equipment for $78.000 on January 1, 2021. The equipment is expected to life, with a residual value of $7,800 at the end of five years Using the double-declining balance method, depreciation expense for 2021 would be (Do not round y calculations) 01:37:25 Multiple Choice $28,080. $31,200 Enterprises purchased equipment for $78.000 on January 1, 2021. The equipment is expected to have tve-yem service a residual value of $7,800 at the end of five years double-declining balance method, depreciation expense for 2021 would be (Do not round your intermediate ins) e Choice $28,080 $31,200. $28.080 O $31,200 $15,600 $23,400