Kansas enterprises purchased equipment for $60,000 on january 1, 2021. the equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years. using the straight-line method, the book value at december 31, 2021, would be:

$49,000

Explanation:

Book value = Cost of asset - deprecation expense

Deprecation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

($60,000 - $5,000) / 5 = $11,000

Book value = $60,000 - $11,000 = $49,000

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answer; is usually (less than) the socially optimal level of consumption;

the first one $24,630