Help Save & Exit Submit oring Enabled: Final exam Saved Tesla purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,900. Using the straight-line method, depreciation for 2022 and the equipment's book value at December 31, 2022, would be: 09:41 Multiple Choice $12.420 and $37,260 respectively $27,600 and $41,400 respectively $13,800 and $55,200 respectively. $12,420 and $44,160 respectively