Question: cutter enterprises purchased equipment for $ 7 2 , 0 0 0 on January 1 , 2 0 2 1 . The equipment is espected

cutter enterprises purchased equipment for $72,000 on January 1,2021. The equipment is espected to have a five-year life and a residual value of $6,000.
Using the straight Line Method, calculate the depreciation espense for 2021 and 2022 as well as the book value at the end of 2021 and 2022

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