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Cutter Enterprises purchased equipment for $48,000 on January 1,2024 . The equipment is expected to...

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Accounting

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Cutter Enterprises purchased equipment for $48,000 on January 1,2024 . The equipment is expected to have a fiveyear life and a residual value of $3,300. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31, 2025, would be: Note: Do not round the depreciation rate per year. Multiple Choice $11,920 and $21,180, respectively. $12,800 and $15,900, respectively. $12,800 and $19,200, respectively. $11,920 and $17,880, respectively

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