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Kansas Enterprises purchased equipment for $74.000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of
Kansas Enterprises purchased equipment for $74.000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,400 at the end of ten years, Using the double-declining balance method, depreciation expense for 2021 would be (Do not round your intermediate calculations) Multiple Choice $13,120 50.400 14 57.400
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