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6 Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value
6 Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,700 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value December 31, 2022, would be: 01:16:18 Multiple Choice $12,660 and $37.980. $14,400 and $43,200. $12,660 and $46,680. $14.400 and $34,500
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