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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 $4,800.
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 $4,800. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31 , 2025 , would be: Note: Do not round the depreciation rate per year. previous :hoice $20,800 and $31,200, respectively. $19,520 and $29,280, respectively. $20,800 and $26,400, respectively. $19,520 and $34,080, respectively
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