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Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of

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Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years. 41 Using the straight-line method, the book value at December 31, 2021, would be: Multiple Choice eBook $60,000. $49,000. $44,000. $55,000

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