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QUESTION 19 Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five- year life and a residual

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QUESTION 19 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 sum-of-the-years'-digits method, depreciation for 2021 and book value at December 31, 2021, would be: A. $22,000 and $44,000 respectively. B. $22,000 and $50,000 respectively. C.$24,000 and $48,000 respectively. D. $24,000 and $42,000 respectively. E. None of the above

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