Kansas Enterprises purchased equipment for $75,000 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 double-declining balance method, depreciation expense for 2022 would be: (Do not round your Intermediate calculations) Multiple Choice $10.704. $13,380. O O O $12.000 O $15.000 Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have a ten-year life, with a residual value of $7,500 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2022, would be: (Do not round your Intermediate calculations) Multiple Choice $7,850 $50.240. O O $46,720 o $44,320 A machine has a cost of $17,100, an estimated residual value of $4,140, and an estimated useful life of seven years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? (Do not round your Intermediate calculations. Round annual depreciation amount to the nearest dollar amount.) Multiple Choice $1,851. O $3,703 $13,397 $4.886. O A building was purchased for $66,000. The asset has an expected useful life of eight years and depreciation expense each year is $5,000 using the straight-line method. What is the residual value of the building? Multiple Choice $13,250 $0. O $26.000 $8.250. O