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M saved 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
M saved 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 $6,300. Using the double-declining balance method, the book value at December 31, 2022 would be: Multiple Choice $18,540 $19,440 $20.640 $10.800
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