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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 $7,500 at the end of five years. Using the double-declining
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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 $7,500 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be:___________.

a. $26,200
b. $15.720
c. $17.520
d. $29.200

User Davesnitty
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Answer: 29.200

Step-by-step explanation:

User Retorquere
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