Question: please answer this question quickly: Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a ten-year service life,

please answer this question quickly:

Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7.200 at the end of ten years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $8,020 $14,600 $6,580 O $7,300

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