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Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of
Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,750 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculations) $29.900. $19,560 $32,600. $17,940
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