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Question 15 (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

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Question 15 (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 sum-of-the-years'-digits method, depreciation for 2010 and book value at December 31, 2010 would be: a) $24,000 and $31,500 b) $22,800 and $34,200. c) $24,000 and $36,000. d) $22,800 and $38.700

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