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Cutter Enterprises purchased equipment for $54,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $3.900.

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Cutter Enterprises purchased equipment for $54,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $3.900. Using the straight-line method, depreciation for 2018 would be: $54,000. None of these answer choices are correct

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