Cutter Enterprises purchased equipment for $72,000 on January 1, 2019. The equipment is expected to have a five-year life and a residual value of $6,000. Using the double-declining balance method, depreciation for 2019 and the book value at December 31, 2019, would be: a. $26,400 and $45,600 b. $28,800 and $43,200. c. $28,800 and $37,200. d. $26,400 and $36,600. On June 30, 2019, Prego Equipment purchased a precision laser-guided steel punch that has an expected capacity of 300,000 units and no residual value. The cost of the machine was $450,000 and is to be depreciated using the units-of-production method. During the six months of 2019, 24,000 units of product were produced. At the beginning of 2020, engineers estimated that the machine can realistically be used to produce only another 230,000 units. During 2020, 70,000 units were produced. Prego would report depreciation in 2019 of a. $36,000. b. $43,900. c. $18,000. d. $21,950