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 $6,600 Using the double-declining balance method, depreciation for 2021 and the book value at December 31, 2021, would be Multiple Choice 0 $15,360 and $26,040 respectively 0 $18.000 and $27000 respectively 0 $15.360 and $29.640 respectively. 0 O $1.000 and $20.400 respectively