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Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual walue of

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Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual walue of $6,450 at the end of five years, Using the straight line method, depreciation expense for 2021 would be Multiple Choice $16,190 $28.800 $13.610 $14,900

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