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Cutter Enterprises purchased equipment for $45,000 on January 1,2024 . The equipment is expected to have a flve-year life and a residual value of $6,600.

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Cutter Enterprises purchased equipment for $45,000 on January 1,2024 . The equipment is expected to have a flve-year life and a residual value of $6,600. Using the sum-of-the-years'-digits method, depreciation for 2024 and book value on December 31, 2024, would be: Note: Do not round the depreciation rate per year. Multiple Choice $12,800 and $25,600, respectively. $15,000 and $30,000, respectively. $15,000 and $23,400, respectively. $12,800 and $32,200, respectively

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