Kansas Enterprises purchased equipment for $76,000 on January 1, 2021. The equipment is expected to...
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Accounting
Kansas Enterprises purchased equipment for $76,000 on January 1, 2021. The equipment is expected to have a five-year life, with a residual value of $7,200 at the end of five years. Using the double-declining balance method, the book value at December 31, 2022, would be: (Do not round your intermediate calculations)
Multiple Choice A. $35,440.
B.$27,360.
c. $15,200.
d.$37,840.
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