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 $7,050 at the end of ten years. Using the double-declining balance method, depreciation expense for 2024 would be: (Do not round your intermediate calculations) Multiple Choice $8,350. $15,400. $7,700. $13,990.