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 $7,950 at the end of five years. Using the double-declining balance method, depreciation expense for 2025 would be: (Do not round your intermediate calculations) Multiple Choice $19,440. $32,400. $17,532. $29,220.