Kansas Enterprises purchased equipment for $$81,000$ on January $1,2024.$ The equipment is expected to have a five$-$year service life, with a residual value of $$8,250$ at the end of five years.

Using the straight$-$line method, depreciation expense for $2025$ and the book value at December $31,2025,$ would be:

Multiple Choice

$$16,200$ and $$40,350,$ respectively.

$$14,550$ and $$51,900,$ respectively.

$$14,550$ and $$43,650,$ respectively.

$$16,200$ and $$48,600,$ respectively.