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4 Cutter Enterprises purchased equipment for $45,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of

4 Cutter Enterprises purchased equipment for $45,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $8,100. Using the double-declining-balance method, depreciation for 2022 would be: Print Multiple Choice $18,000. $8,856. $10,800. None of these answer choices are correct. View previous attempt

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