Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,100 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be Multiple Choice $7,450 and $51,500 O $6,640 and $53120 $5,640 and $61.220. Next > $7,450 and $51,500 $6,640 and $53,120 $6,640 and $61,220 $7,450 and $59,600