Help

Save & Exit

Kansas Enterprises purchased equipment for $$73,000$ on January $1,2024.$ The equipment is expected to have a ten$-$year service life, with a residual value $0$ $$6,900$ 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

$$13,220$

$$7,700.$

$$7,300.$

$$14,600.$