Cutter Enterprises purchased equipment for $$84,000$ on January $1,2024.$ The equipment is expected to have a five$-$year life and a residual value of $$6,000.$

Using the double$-$declining$-$balance method, the book value on December $31,2025,$ would be:

Multiple Choice

$$16,800.$

$$30,240.$

$$31,440.$

$$29,340.$