Help Save & Exit Submit Kansas Enterprises purchased equipment for $76,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7,050 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice O $7,600 and $60,800. o $6,895 and $55,160 O S6,895 and $62.210