Kansas Enterprises purchased equipment for $76,000 on January 1, 2024. The equipment is expected to have a ten-year life, with a residual value of $7,650 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2025, would be: (Do not round your intermediate calculations) Multiple Choice $7,600. $40,720. $43,120. $48,640. Prev 1 of 5 Next >

Kansas Enterpenses puichased equipment for $76.000 on January 1,2024 . The equlpatent k expected to thave a ten-year ife. with a realdual value of 57.650 at the end of ten years Using the double decining balance method, the book value ot December 31, 2025, would be (Do not round your intermediate calculations) Muzpiechaice $7,600 $40,720 $43,120 548,640