Kansas Enterprises purchased equipment for $74.500 on January 1, 2021. The equipment is expected to have a ten year service life, with a resident value of $8.400 at the end of ten years. Using the straight-ine method, depreciation expense for 2022 and the book valze at December 31, 2022 would be Multiple Choice $7450 and 559,600 $6.610 and 55280 $5.610 and $61 280 52450 od 51,200