Seved Help Save & Exit Submit Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The quipment is expected to have a ten-year service life, with a residual value of $8,400 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 $7.200 and $49.200. O $7,200 and $57,600. O $6,360 and $59,280.