Kansas Enterprises purchased equipment for $80,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,550 at the end of ten years.   Using the straight-line method, the book value at December 31, 2021, would be: Multiple Choice   $72,000.   $64,305.   $71,450.   $72,855.

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A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

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