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Cutter enterprises purchased equipment for 72000 on

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Cutter Enterprises purchased equipment for $72,000 on January 1, 2013. The equipment is expected to have a five-year life and a residual value of $3,900.Using the straight-line method, depreciation for 2014 and the equipment's book value at December 31, 2014, would be?

Reference no: EM13593140

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