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4 Cutter Enterprises purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of

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4 Cutter Enterprises purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,300. Using the straight-line method, the book value at December 31, 2021, would be: 8 0122-10 Multiple Choice $56,460. $48,900. $50,160. $55,200

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