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Help Save & Exit Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and

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Help Save & Exit Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,200 Using the straight-line method, depreciation for 2021 would be: Multiple Choice $10,800. $54,000 None of the other answer choices are correct $9.960

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