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Cutter Enterprises purchased equipment for $57,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $5,400.

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Cutter Enterprises purchased equipment for $57,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $5,400. Using the double-declining-balance method, depreciation for 2025 would be: Multiple Choice $22,800 $12,384. $13,680 None of the other answer choices are correct

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