sem available until you s Kansas Enterprises purchased equipment for $74,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,200 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $14,800 and $44.400 O $13,360 and $40,080 O $13,360 and $47280 O $14,800 and $37,200