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Posted on Aug 01, 2024

Cutter Enterprises purchased equipment for $84,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $3,600.

Using the straight-line method, depreciation for 2018 would be:

A.$16,080.

B.$84,000.

C.None of these answer choices are correct.

D.$16,800.

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