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Kansas Enterprises purchased equipment for $74,000 on January 1,2024 . The equipment is expected to have a ten-year life, with a residual value of $6,300

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Kansas Enterprises purchased equipment for $74,000 on January 1,2024 . The equipment is expected to have a ten-year life, with a residual value of $6,300 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2025, would be: (Do not round your intermediate calculations) Multiple Choice $7,400 $49,440. $47,360. $51,840

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