Kansas Enterprises purchased equipment for $$72,500$ on January $1,2024.$ The equipment is expected to have a five$-$year life, with a residual value of $$6,900$ at the end of five years.

Using the double$-$declining balance method, the book value at December $31,2025,$ would be: $($Do not round your intermediate calculations$)$

Multiple Choice

$$ $$14,580.$

$$ $$14,500.$

$$ $$12,180$

$$ $$26,100$