Business, 02.12.2020 17:10 mileskamron979

Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,900 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 $14,420 and $50,160. $14,420 and $43,260. $15,800 and $40,500. $15,800 and $47,400.

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Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to...