Kansas Enterprises purchased equipment for $77,000 on January 2021. The equipment is expected to have a ten-year service life, with a residual value of $7,350 at the end of ten years Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be Multiple Choice 57700 and 1600 $1700 and $54250 $6 965 and 563,070 $6,965 and 55720