TB MC Qu. 11-70 (Algo) Cutter Enterprises purchased equipment... Cutter Enterprises purchased equipment for $99,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $6,300. Using the straight-line method, depreciation for 2025 and the equipment's book value on December 31, 2025, would be: Multiple Choice O O O $18,540 and $55,620, respectively. $39,600 and $59,400, respectively. $19,800 and $79,200, respectively. $18,540 and $61,920, respectively.

TB MC Qu. 11-70 (Algo) Cutter Enterprises purchased equipment... Cutter Enterprises purchased equipment for \\( \\$ 99,000 \\) on January 1 , 2024. The equipment is expected to have a five-year life and a residual value of \\( \\$ 6,300 \\). Using the straight-line method, depreciation for 2025 and the equipment's book value on December 31, 2025, would be: Multiple Choice \\( \\$ 18,540 \\) and \\( \\$ 55,620 \\), respectively. \\( \\$ 39,600 \\) and \\( \\$ 59,400 \\), respectively. \\( \\$ 19,800 \\) and \\( \\$ 79,200 \\), respectively. \\( \\$ 18,540 \\) and \\( \\$ 61,920 \\), respectively