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Kansas enterprise purchased equipment for $ 7 5 , 0 0 0 on January 1 , 2 0 2 4 . The equipment is expected

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Kansas enterprise purchased equipment for $75,000 on January 1,2024. The equipment is expected to have a ten-year service life, with a residual value of 7,650 at the end of ten years.
Using the straight-line method, depreciation expense for 2024 would be:
A) $6,785
B) $7,550
C) $8,315
D) $15,100
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