Kansas Enterprises purchased equipment for $77,000 on January 1, 2024. The equipment is expected to have a ten-year service life, with a residual value of $7,200 at the end of ten years. Using the double-declining balance method, depreciation expense for 2025 would bey (Do not round your intermediate calculations) Muitiple choice $11,168 513,960. $12,320 $15.400