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Cutter Enterprises purchased equipment for $90,000 on January 1,2021 . The equipment is expected to have a five-year life and a residual value of $3,600.

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Cutter Enterprises purchased equipment for $90,000 on January 1,2021 . The equipment is expected to have a five-year life and a residual value of $3,600. Using the straight-line method, depreciation for 2021 would be: Multiple Choice $17,280. $18,000 $90,000. None of the other answer choices are correct

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