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Cutter enterprises purchased equipment for $72,000 on Jan1,2011. The equipment is expected to have a...

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Accounting

Cutter enterprises purchased equipment for $72,000 on Jan1,2011. The equipment is expected to have a 5 year life and a residual value of $6000. Using the straight line method the book value at Dec 31,2011 would be

a 57,600

b 51600

c 58,800

d 52,800

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