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Kansas Enterprises purchased equipment for $75,500 on January 1, 2024. 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 $75,500 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $6,300 at the end of five years. Using the straight-line method, the book value at Der 31 2024 would be-

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