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Kansas Enterprises purchased equipment for $73,500 on January 12024. The equipment is expected to have a five-year service life, with a residual value of $8,700

Kansas Enterprises purchased equipment for $73,500 on January 12024. The equipment is expected to have a five-year service life, with a residual value of $8,700 at the end of five years Using the straightline method, depreciation expense for 2024 would be

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