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Cutter Enterprises purchased equipment for $84.000 on January 1, 2024. The equi year life and a residual value of $7,200. Using the double-declining-balance method, depreciation for 2024 and the book , pon December 31 , 2024 , would be: Multiple Choice $30,720 and $53,280, respectively. $33,600 and $43,200, respectively. $33,600 and $50,400, respectively. $30,720 and $49,080, respectively