Cutter Enterprises purchased equipment for $45,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $7,200. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31 , 2025, would be: Note: Do not round the depreciation rate per year. Multiple Choice $10,080 and $15,120, respectively $12000 and $10,800, respectively. $12.000 and $18.000, respectively. $10,080 and $22,320, respectively