#13-1

Kansas Enterprises purchased equipment for $75,500 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $6,600 at the end of five years. Using the double-declining balance method, depreciation expense for 2025 would be: (Do not round your intermediate calculations) Multiple Choice O O O O $30,200. $18,120. $27,560. Help Save & E $16.536.

Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7,500 at the end of ten years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations)   Multiple Choice   $8,600.   $14,600.   $8,050.   $16,100.

Kansas Enterprises purchased equipment for $72,500 on January 1, 2024. The equipment is expected to have a five-year service life, with a residual value of $6,600 at the end of five years. Using the straight-line method, depreciation expense for 2024 would be: Multiple Choice $13,180. $15,820. $29,000. $14,500.

Kansas Enterprises purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, depreciation expense for 2019 would be: Select one or more: a. $13,200. b. $22,000. c. $14,400 d. $24,000.

Kansas Enterprises purchased equipment for $78,500 on January 1, 2024. The equipment is expected to have a ten-year service life, with a residual value of $6,300 at the end of ten years. Using the straight-line method, the book value at December 31, 2024, would be: Multiple Choice $64,980. $70,650. $72,200. $71,280.

Rahul