Kansas Enterprises purchased equipment for $76,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,850 at the end of ten years.

Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be:

Kansas Enterprises purchased equipment for $76,500 on January 1, 2021. The equipment is expected to have a ten year service life, with a residual value of $8,850 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022. would be Multiple Choice 57,650 and $52,350 $6,765 and $62,970 $7,650 and $61200 $6,765 and $54,120 nalisas merprises purchaseu equipment 101 D/0,500 UI January 1, 2021. The eyu year service life, with a residual value of $8,850 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value Multiple Choice $7,650 and $52,350. O $6,765 and $62,970. $7,650 and $61,200. $6,765 and $54,120