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Cutter Enterprises purchased equipment for $96,000 on January 1,2021 . The equipment is expected to have a five-year ife and a residual value of $5,400.

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Cutter Enterprises purchased equipment for $96,000 on January 1,2021 . The equipment is expected to have a five-year ife and a residual value of $5,400. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31,2021 , would be

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