Kansas Enterprises purchased equipment for $78,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,350 at the end of five years Using the straight-line method, depreciation expense for 2021 would be: A machine has a cost of $15,300, an estimated residual value of $3,990, and an estimated useful life of seven years. The machine is being deprecated on a straight-line basis At the end of the second you what amount wil be reported for accumulated depreciation (Do not round your intermediate calculations. Round annual depreciation amount to the nearest dollar amount.)