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4 Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual

4 Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,550 at the end of five years. Using the straight-line method, the book value at December 31, 2021, would be: 1 points Multiple Choice 0055 $58,400. $51,560. $64,450. $60,110.

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