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Cutter Enterprises purchased equipment for $99,000 on January 1, 2021. The equipment is expected to have a five-year lfe and a residual value of $8,700.

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Cutter Enterprises purchased equipment for $99,000 on January 1, 2021. The equipment is expected to have a five-year lfe and a residual value of $8,700. Using the double-declining-balance method, depreciation for 2022 would be: Multiple Choice $21672 None of these answer choices are correct. $39,600 $23.760 MacBook Air

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