Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,250 at the end of ten years. Using the double-declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculations)

Multiple Choice

• $14,600.

• $10,360.

• $11,680.

• $12,950.