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cutter enterprises purchases equipment for $75,000 on January 1 2024. the equipment is expected to have a five year life and residual value of 8$,400

cutter enterprises purchases equipment for $75,000 on January 1 2024. the equipment is expected to have a five year life and residual value of 8$,400 using the sum of the year digits method depreciation for 2024 and book value on December 31,2024

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