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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 $5,100.

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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 $5,100. Using the straight-line method, depreciation for 2019 and the equipment's book value at December 31, 2019, would be

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