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Kansas Enterprises purchased equipment for $81,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $8,400

Kansas Enterprises purchased equipment for $81,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $8,400 at the end of five years. Using the straight-line method, the book value at December 31, 2018 would be:

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