Cutter Enterprises purchased equipment for $$72,000$ on January $1,2024.$ The equipment is expected to have a five$-$year life and a residual value of $$4,500.$

Using the double$-$declining$-$balance method, depreciation for $2024$ and the book value on December $31,2024,$ would be:

$$28,800$ and $$43,200,$ respectively

$$27,000$ and $$43,500,$ respectively

$$27,000$ and $$45,000,$ respectively

$$28,800$ and $$38,700,$ respectively