Kansas Enterprises purchased equipment for $74,000 on January 1, 2024. The equipment is expected to have a five-year service life, wi $8,550 at the end of five years. Using the straight-line method, depreciation expense for 2024 would be: Multiple Choice $13,090. $14,800. $16,510. $29,600. Kansas Enterprises purchased equipment for $74,000 on January 1, 2024. The equipment is expected to have a five-year service life, wi $8,550 at the end of five years. Using the straight-line method, depreciation expense for 2024 would be: Multiple Choice $13,090. $14,800. $16,510. $29,600