25 Cutter Enterprises purchased equipment for $84,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $8,100. Using the straight-line method, the book value at December 31, 2021, would be: 8 01:12:42 Multiple Choice $68,820 0 $59.100. $67,200 0 $60,720