Question: please explain i know i multiply divide straight line method Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to

please explain i know i multiply divide straight line method

Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7,350 at the end of ten years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $6,515. $7,985 $14,500

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