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(Solved): Cutter Enterprises purchased equipment for $81,000 on January 1, 2024. The equipment is expected to ...



Cutter Enterprises purchased equipment for $81,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $8,400. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31, 2025, would be: Note: Do not round the depreciation rate per year. Multiple Choice $19,360 and $29,040, respectively. $19,360 and $37,440, respectively. $21,600 and $32,400, respectively. $21,600 and $24,000, respectively.


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