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Cutter Enterprises purchased equipment for $66,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $8.100.

Cutter Enterprises purchased equipment for $66,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $8.100. Using the double-declining balance method, depreciation for 2022 would be: Mule Choice $36,400 SELING $15,840

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