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Please show work. Kansas Enterprises purchased equipment for $76,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual

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Kansas Enterprises purchased equipment for $76,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $7,500 at the end of five years Using the straight-line method, the book value at December 31, 2018 would be $68,500 O $60,800 $54,800 O $62,300

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