Cutter Enterprises purchased equipment for $102,000 on January
1, 2018. The equipment is expected to have...
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Accounting
Cutter Enterprises purchased equipment for $102,000 on January1, 2018. The equipment is expected to have a five-year life and aresidual value of $6,600.
Using the sum-of-the-years'-digits method, depreciation for 2019and book value at December 31, 2019, would be: (Do notround depreciation rate per year)
Multiple Choice
$25,440 and $44,760 respectively.
$25,440 and $38,160 respectively.
$27,200 and $40,800 respectively.
$27,200 and $34,200 respectively.
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Given Cost of Equipment is 102000 Residual Value is 6600 Useful Life is 5 years Depreciable Value Cost of Equipment Residual Value Depreciable
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