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Determine the depreciation and book value

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Question - Cutter Enterprises purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,600.

Required - Using the sum-of-the-years'-digits method, determine the depreciation for 2022 and book value at December 31, 2022?

Reference no: EM133040634

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