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Cutter Enterprises purchased equipment for $87,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $4,500.

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Cutter Enterprises purchased equipment for $87,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $4,500. Using the double-declining balance method, depreciation for 2017 would be: Multiple Choice None of these ans choices are correct $19,800 $34,800 $20,880

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