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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

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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 $8,400 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice 0 O $15,000 and $45.000 0 O $15,000 and $36,600. 0 O $13.320 and $39,960. 0 $13.320 and $48,360

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