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Cutter Enterprises purchased equipment for $72,000 on January 1, 2024. The equi year life and a residual value of $7,500. Using the double-declining-balance method,

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Cutter Enterprises purchased equipment for $72,000 on January 1, 2024. The equi year life and a residual value of $7,500. Using the double-declining-balance method, depreciation for 2025 would be: is expected to have a five- Multiple Choice $28,800. $15,480. $17,280.

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