Question 7 2.5 pts Duchesne Enterprises purchased equipment for $120,000 on January 1, 2020. The equipment is expected to have a five-year life and a residual value of $20,000. Using the straight- line depreciation method, what amount of equipment (net of depreciation) would Duchesne report on its 2020 balance sheet? (just enter the number, without any commas or a dollar sign)