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Cutter Enterprises purchased equipment for $51,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $8,400.

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Cutter Enterprises purchased equipment for $51,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $8,400. Using the straight-line method, depreciation for 2017 and the equipment's book value at December 31, 2017, would be: -49 Multiple Choice $10,200 and $40,800. $20.400 and $30,600. Next 10 of 36 Prev

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