Cutter Enterprises purchased equpment for $93,000 on danuary 1, 2024 . The equipment is expected to have a five year life and a residual value of $6.600 Using the double-declining balance method, depreciation for 2024 and the book value on December 31, 2024 , would be Mutple Choike 537,200 and 555800 , respectively 33, 560 and 58,440 , respectevily 54.560 and 554,840 , respectively 5200 and 549200 rempectively