Kansas Enterprises purchased equipment for $81,500 on January 1,2021. The equipment is expected to have a ten-year life, with a residual value of $6,150 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2022, would beI (Do not round your intermediate calculations) Multiple Choice $40,240 $42,640. $52,160 $8,150