Kansas Enterprises purchased equipment for $75,000 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $6,900 at the end of ten years.

Using the straight-line method, depreciation expense for 2019 and the book value at December 31, 2019 would be:

Kansas Enterprises purchased equipment for $75,000 on January 1, 2018. The equipment is expected to have a 1eneyear life, with a residual value of $6.900 al the end of ten years. Using the straightline method. depreciation expense for 2019 and the book value at December 31, 2019 would be: 0 $6.010 and $61,380. 0 $6.810 and $54,480. 0 $7,500 and $60,000. 0 $1500 and $53100