[Answered] Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a ten-year service life,

Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,000 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be:

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