Cutter Enterprises purchased equipment for $72,000 on January 2021. 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 2021 and the book value at December 31, 2021, would be Muito Choice $28.00 and $37200 respectively $26.400 and $45.600 respectively $26.400 and 539.600 respectively $216.00 $41.200 respectively