24 Kansas termes purchased equipment for $70,000 on January 1, 2024. The equipment is expected to have a ten-year life, with a residual value of $0.850 at the end of ten years Using the double-declining balance method, the book value at December 31, 2025, would be (Do not round your intermediate calculations) Muple Choice $45.040 $50.560 $42.640 $7,900