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

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Accounting

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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 $8,550 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 O $12.90 and $38.670 $54,600 and $35.250 $12,890 and 547.220 $14,500 and $43.800

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