Cutter Enterprises purchased equipment for $60,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $8,100 Using the sum-of-the-years-digits method, depreciation for 2025 and book value on December 31,2025 , would be: Note: Do not round the depreciation rate per year. Multigle Choice $13,840 and $20760, respectively. $16,000 and $24,000, respectivety 516.000 and $15,900, respectively 52.840 and 528.860 , respectively