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 $7,800 Using the sum-of-the-years'-digits method, depreciation for 2024 and book value on December 31,2024 , would be: Note: Do not round the depreciation rate per year. Multiple Choice $25.400 and $50.800, respectively. $28,000 and $48.200, respectively