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Cutter Enterprises purchased equipment for $48,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $7,800.

Cutter Enterprises purchased equipment for $48,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $7,800. : Using the double-declining balance method, depreciation for 2017 would be: Multiple Choice $9,648. None of these answer choices are correct. $19,200. $11,520

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