Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7.200 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 $7180 and $64640 $7.900 and 563200 $7100 and $57410 57,900 and $56,000