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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 $3,300

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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 $3,300 Using the straight-line method, depreciation for 2021 would be: Multiple Choice o $16740. o sm, 400 o S87.000. o None of the other answer choices are correct

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