Kansas Enterprises purchased equipment for $75,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,450 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) Multiple Choice $27,420. $30,000. $23,550. 15 nnn C