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Chapter 12 Cutter Enterprises purchased equipment for $96,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value

Chapter 12

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Cutter Enterprises purchased equipment for $96,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $9,000. Using the straight-line method, the book value at December 31, 2021, would be: Multiple Choice O $76,800. $78,600. O O $67,800. O $69,600

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