Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,300 at the end of ten years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $7.520 $8.780 o $16,300 $8.150. Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7,650 at the end of ten years. Using the straight-line method, the book value at December 31, 2021, would be: Multiple Choice $69,850 $70,515 O $69,750. O $62,865 Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,750 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 $6,675 and $53,400. $7,350 and $52,050 $7,350 and $58,800. $6.675 and $60.150. Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,850 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your Intermediate calculations) Multiple Choice O $31,400 O $15.700 $27.860 O $22.550