9) Kansas Enterprises purchased equipment for $74,500 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of tive years. Using the straight-line method, depreciation expense for 2025 and the book value at December 31, 2025, would be: - A) $13,520 and $47,460, respectively. B) $14,900 and $37,800, respectively. C) $13,$20 and $40,560, respectively. D) $14,900 and $44,700, respectively. 10) Kansas Enterprises purchased equipment for $74,000 on January 1,2024 . The equipment is expected to have a five-year service life, with a residual value of $8,850 at the end of five years. Using the double-declining balance method, depreciation expense for 2025 would be: (Do not round your intermediate calculations) A) $26,060. B) $29,600. C) $17,760. D) $15,636