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Posted on Aug 01, 2024

Cutter Enterprises purchased equipment for $69,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,300.

Using the double-declining balance method, the book value at December 31, 2019, would be:

A.$24,840.

B.$13,800.

C.$23,940.

D. $26,040.

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