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if the answer is not a multiple choice option pick best option Cutter Enterprises purchased equipment for $96,000 on January 1,2024 . The equipment is
if the answer is not a multiple choice option pick best option
Cutter Enterprises purchased equipment for $96,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $6,600. Using the sum-of-the-years'-digits method, depreciation for 2024 and book value on December 31 , 2024, would be: Note: Do not round the depreciation rate per year. Multiple Choice $29,800 and $59,600, respectively. $32,000 and $57,400, respectively. $32,000 and $64,000, respectively. $29,800 and $66,200, respectively Step by Step Solution
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