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Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,900

Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,900 Using the straight-line method, depreciation for 2021 would be None of the other answer choices are correct. $10.800 $10.020 $54,000

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