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Kansas Enterprises purchased equipment for $73,500 on January 1.2021. The equipment is expected to have a ten year service life with a residual valore of
Kansas Enterprises purchased equipment for $73,500 on January 1.2021. The equipment is expected to have a ten year service life with a residual valore of $6,150 at the end of ten years. Using the straight-line method. depreciation expense for 2021 would be Multiple Choice $7350 $54,700 O $7965 $6.735
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