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22 Cutter Enterprises purchased equipment for $48,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of

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22 Cutter Enterprises purchased equipment for $48,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,900. Using the double-declining-balance method, depreciation for 2022 would be: 2.5 points Multiple Choice 01:49:48 Skipped $19,200 None of these answer choices are correct. $11,520 O $10.584

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