34 Cutter Enterprises purchased equipment for $63,000 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, depreciation for 2022 and the equipment's book value at December 31, 2022, would be: 2.5 points X 01:28:01 Multiple Choice $12,600 and $50,400 respectively. O $10.980 and $41,040 respectively. $25,200 and $37,800 respectively. O O $10,980 and $32,940 respectively