Kansas Enterprises purchased equipment for $$74,000$ on January $1,2024.$ The equipment is expected to have a ten$-$year service life, with a residual value of $$7,950$ at the end of ten years.

Using the straight$-$line method, the book value at December $31,2024,$ would be:

Multiple Choice

$$66,600.$

$$59,445.$

$$66,050.$

$$67,395.$