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Kansas Enterprises purchased equipment for $77,000 on January 1, 2021 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 $77,000 on January 1, 2021 The equipment is expected to have a five-year service life, with a residual value of $7,050 at the end of five years Using the double-declining balance method, depreciation expense for 2021 would be (Do not round your intermediate calculations) Multiple Choice 530.800 527.900 B 10 13

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