TB MC Qu. 11-71 (Algo) Cutter Enterprises purchased equipment... On January 1, 2022 Paper Industries bought a new printing press, which cost them $51,000. The new printing press will be useful for only 5 years, and will have a salvage value of $4,800 at the end of the 5 th year. Should Paper Industries select the double-dectining-balance method, depreciation for 2022 , then what should be their book value on December 31,2024 ? Multiple Choice $20,400 and $30.600, respectively. $18,480 and $30,720, respectively $18,480 and $32,520, respectively. $20,400 and $25,800 respectively