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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 $7,800.

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 $7,800. Using the straight-line method, the book value at December 31, 2021. would be: Multiple Choice O $36.000 $37,560 $29.760 $28.200

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