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Kansas Enterprises puichared cquipment for $74,500 on January 2, 2024. The equipment is expected to have a five-year service Ife, with o residuat vatue of

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Kansas Enterprises puichared cquipment for $74,500 on January 2, 2024. The equipment is expected to have a five-year service Ife, with o residuat vatue of 56.750 at the ond of the wears. Using the double-declining balance method, depreciation expense for 2024 would be: (Do not round your intermediate calculations) Mulipie Choice 514,900 $27100 $29,800 $23,050

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