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Cutter Enterprises purchased equipment for $57,000 on January 1, 2016. The equipment is expected to...

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Accounting

Cutter Enterprises purchased equipment for $57,000 on January 1, 2016. The equipment is expected to have a five year life and a residual value of $6000. Using the double declining balance method, the book value at December 31, 2107 would be

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