Cutter Enterprises purchased equipment for $57,000 on January 1, 2021. The equipment is expected to have a five-year ife and a residual value of $6,000. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31 , 2021, would be: Multiple Choice $20,400 and $33,600 respectively. $22,800 and $34,200 respectively