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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

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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 $6,150 at the end of ten years, Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your Intermediate calculations) Multiple Choice $14,070 $15.300 $7,650 $9.150

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