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22 Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected...

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22 Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,400 at the end of five years. 3 points Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) 01:11:17 Multiple Choice Ask $14,600. $20,800. $25,840. $29,200

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