Cutter Enterprises purchased equipment for $87,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,300 Using the sum-of-the-years'-digits method, depreciation for 2021 and book value at December 31, 2021, would be (Do not round depreciation rate per year) Multiple Choice O $29,000 and $51,700 respectively $29,000 and $58,000 respectively O $25,900 and $60,100 respectively. $26,900 and $53,800 respectively Robertson Inc. prepares its financial statements according to International Financial Reporting Standards (IFRS). At the end of its 2021 fiscal year, the company chooses to revalue its equipment. The equipment cost $534,000, had accumulated depreciation of $241,000 at the end of the year after recording annual depreciation, and had a fair value of $331,000. After the revaluation, the accumulated depreciation account will have a balance of. (Do not round Intermediate calculations.) Multiple Choice O $241,000 O $272256 O $279.000 None of these answer choices are correct Thing