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Kansas Enterprises purchased equipment for $76,000 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $7,350

Kansas Enterprises purchased equipment for $76,000 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $7,350 at the end of ten years. Using the straight-line method, the book value at December 31, 2018 would be: $68,650. $69,135. $61,785. $68,400

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