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School

University of Texas, Dallas *

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Course

2301

Subject

Accounting

Date

Nov 24, 2024

Type

png

Pages

1

Uploaded by Alex2122

Report
Kansas Enterprises purchased equipment for $80,500 on January 1, 2024. The equipment is expected to have a ten-year service life, with a residual value of $7,650 at the end of ten years. Using the straight-line method, depreciation expense for 2025 and the book value at December 31, 2025, would be: Multiple Choice . $7.285 and $65,930, respectively. $7.285 and $58,280, respectively. $8,050 and $56,750, respectively. O $8,050 and $64,400, respectively.
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