Question 14 (4 points) Cutter Enterprises purchased equipment for $90,000 on January 1, 2009. The equipment is expected to have a five-year life and a residual value of $4,500. Using the double-declining balance method, depreciation for 2010 would be: a) $36,000 Ob) $20,520 c) $21,600 d) $35,500