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Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a veryone life, with a residual value of $8,100

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Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a veryone life, with a residual value of $8,100 at the end of five years Using the straight-line method, depreciation expense for 2021 would be

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