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Cutter enterprises purchased equipment for $72,000 on january 1, 2010. the equipment is expected to have a five-year life, with a residual value of $6,000 at the end of five years. using the straight-line method, depreciation expense for 2011 and the book value at december 31, 2011 would be:
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Cutter enterprises purchased equipment for $72,000 on january 1, 2010. the equipment is expected to...
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