Cutter Enterprises purchased equipment for $99,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,800. Using the straight-line method, the book value at December 31, 2021, would be: Multiple Choice $75,360. $74,400. $79,200. $80,160.
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Cutter Enterprises purchased equipment for $99,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,800.
Using the straight-line method, the book value at December 31, 2021, would be:
-
$75,360.
-
$74,400.
-
$79,200.
-
$80,160.
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