Cutter Enterprises purchased equipment for $75,000 on January 1, 2024. The equipment is expected to have a fre-year life and a residual value of $4.500 Using the straight-ine method, the book value on December 31, 2024, would be: Muple Choice $60900 356,400 $60.000 355500 Cutter Enterprises purchased equipment for $93,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $4,200. Using the double-declining-balance method, the book value on December 31, 2025, would be: Multiple Choice $33,480 534,680 532.580 5+8,600