Cutter Enterprises purchased equipment for $51,000 on January 1, 2013. The equipment is expected to have...

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Cutter Enterprises purchased equipment for $51,000 on January 1, 2013. The equipment is expected to have a five-year life and a residual value of $9,000. Using the double-declining balance method, depreciation for 2013 and the book value at December 31, 2013, would be: O O $20,400 and $30,600. $16,800 and $34,200. $20,400 and $21,600. $16,800 and $25,200. Cutter Enterprises purchased equipment for $51,000 on January 1, 2013. The equipment is expected to have a five-year life and a residual value of $9,000. Using the double-declining balance method, depreciation for 2013 and the book value at December 31, 2013, would be: O O $20,400 and $30,600. $16,800 and $34,200. $20,400 and $21,600. $16,800 and $25,200.

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