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Cutter Enterprises purchased equipment for $54,000 on January 1, 2016. The equipment is expected to have a five year life and a residual value of

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Cutter Enterprises purchased equipment for $54,000 on January 1, 2016. The equipment is expected to have a five year life and a residual value of $6,300. Using the straight line method, depreciation for 2017 and the equipment's book value at December 31, 2017, would be (Se Multiple Choice 0 $24600 and $32,400 0 $9,540 and $34.920 0 $10.000 and $43,200 0 $9.540 and $28.620

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