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Cutter Enterprises purchased equipment for $ 7 8 , 0 0 0 on January 1 , 2 0 2 4 . The equipment is expected

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Cutter Enterprises purchased equipment for $78,000 on January 1,2024. The equipment is expected to have a five-year life and a residual value of $6,600.
Using the double-declining-balance method, depreciation for 2025 would be:
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