Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $7,050 at the end of five years. Using the double-declining balance method, depreciation expense for 2019 would be (Do not round your intermediate calculations):

$15,948.

$26,580.

$17,640.

$29,400.

Kansas Enterprises purchased equipment for $76,000 on January 1, 2018. The equipment is expected to have a ten-year 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, 2018 would be:

$68,050.

$61,245.

$68,400.

$69,195.