3 035 points awarded Scared Kansas Enterprises purchased equipment for $77,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,050 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: Mutiple Choice $13.990. $16.810 $30,800 $15,400