Cutter enterprises purchased equipment for $72,000 on Jan1,2011. The equipment is expected to have a...
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Accounting
Cutter enterprises purchased equipment for $72,000 on Jan1,2011. The equipment is expected to have a 5 year life and a residual value of $6000. Using the straight line method the book value at Dec 31,2011 would be
a 57,600
b 51600
c 58,800
d 52,800
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