Cutter Enterprises purchased equipment for $51,000 on January 1, 2021. The equipment is expected to have a five year life and a resident value of 5700 Using the double-declining balance method, depreciation for 2021 and the book value at December 31, 2021, would be Multiple Choice 517,280 and $20,920 respectively O $20,400 and $22.000 respectively O $17.280 and $32,720 respectively $20.400 and $30.600 respectively