Kansas enterprises purchased equipment for $78,500 on january 1, 2021. the equipment is expected to have a five-year service life, with a residual value of $6,150 at the end of five years. using the double-declining balance method, depreciation expense for 2021 would be:

Annual depreciation= $28,940

Explanation:

Giving the following information:

Kansas Enterprises purchased equipment for $78,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,150 at the end of five years.

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Annual depreciation= 2* [(78,500 - 6,150)/5]= $28,940

i this its 7 years i hope this

b $274.07

step-by-step explanation:

you just devide 222 by 0.81