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Cutter Enterprises purchased equipment for $81,000 on January 1,2021 . The equipment is expected to have a five-year life and a residual value of $8,700.

Cutter Enterprises purchased equipment for $81,000 on January 1,2021 . The equipment is expected to have a five-year life and a residual value of $8,700. Using the straight-line method, depreciation for 2021 would be

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