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7. TB MC Qu. 7-112 (Algo) Kansas Enterprises purchased equipment for... Kansas Enterprises purchased equipment for $81,500 on January 1, 2024. The equipment is expected

7.

TB MC Qu. 7-112 (Algo) Kansas Enterprises purchased equipment for...

Kansas Enterprises purchased equipment for $81,500 on January 1, 2024. The equipment is expected to have a ten-year service life, with a residual value of $7,200 at the end of ten years. Using the double-declining balance method, depreciation expense for 2024 would be: (Do not round your intermediate calculations)

Multiple Choice

$16,300.
$8,150.
$14,860.
$9,100.

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