Question: 39) Cutter Enterprises purchased equipment for $72,000 on January 1, UIO. expected to have a five-year life and a residual value of $6,000. Using the

39) Cutter Enterprises purchased equipment for $72,000 on January 1, UIO. expected to have a five-year life and a residual value of $6,000. Using the double-declining balance method, the book value at December 31, 2019, would be: A) $14,400. B) S24,960. C) $27,360 D) $25,920

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