QUESTION 14 4 points 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 $6,000. Using the straight-line method, depreciation for 2022 and the equipment's book value at December 31, 2022, would be: A. $14,400 and $43,200 respectively. B. $28,800 and $37,200 respectively. C. $13,200 and $39,600 respectively. D. $13,200 and $45,600 respectively, E. None of the above