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Kansas Enterprises purchased equipment for $77000 on January 1,2018. The equipment is expected to have a five-year life, with a residual value of $8,550 at

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Kansas Enterprises purchased equipment for $77000 on January 1,2018. The equipment is expected to have a five-year life, with a residual value of $8,550 at the end of five years Using the straight-line method, the book value at December 31, 2018 would be O $54,760 O $61600 $63,310 O $68,450

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