Kansas Enterprises purchased equipment for $74,500 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $8,100 at the end of flve years. Using the straight-line method, depreciation expense for 2025 and the book value at December 31,2025 , would be: Mult ple Choice $13,280 and $39,840, respectively $14,900 and $36,600, respectively. $14,900 and $44,700, respectivey \$13,280 and \$47,940, respectively