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Please help me someone Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year life and a

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Please help me someone

Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $5,700. Using the double-declining-balance method, the book value at December 31, 2022, would be: Multiple Choice $25,020. $14,400. $27,120. $25,920

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