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Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of
Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,800 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be Multiple Choice $13,140 and $39,420 $13,140 and $47.220. $14.700 and $44100 $14,700 and $36,300
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