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Cutter Enterprises purchased equipment for $102,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $8.100
Cutter Enterprises purchased equipment for $102,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $8.100 Using the straight-Hine method, depreciation for 2025 and the equipment's book value on December 31,2025 , would be: Multiple Choice $18780 and $64,440, respectively 540,800 and $61,200, respectively $20,400 and \$8v600, respectively $187760 and $56344, respectuely
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