30.

Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years.

Using the straight-line method, the book value at December 31, 2021, would be:

• $49,000.

• $60,000.

• $44,000.

• $55,000.