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10) Kansas Enterprises purchased equipment for $74,000 on January 1, 2024....

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10) Kansas Enterprises purchased equipment for $74,000 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $8,850 at the end of five years. Using the double-declining balance method, depreciation expense for 2025 would be: (Do not round your intermediate calculations) A) $26,060. B) $29,600. C) $17,760. D) $15,636

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