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Kansas Enterprises purchased equipment for $74,000 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value

Kansas Enterprises purchased equipment for $74,000 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of five years. Using the double-declining balance method, depreciation expense for 2025 would be: (Do not round your intermediate calculations) Multiple Choice $17,760. $29,600. $26,840. $16,104

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