Cutter Enterprises purchased equipment for $66,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $5,700. Using the double-declining-balance method, depreciation for 2026 would be: Cutter Enterprises purchased equipment for $54,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $9,000. 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.