4899

Cutter enterprises purchaed equipment for $72,000 on January 1, 2016. The equipmetn is expected to have a five-year life and residual value of $6,000. Using the sum-of-year digits method, depreciation for 2017 and book value at december 31, 2017, would be: A. 19,200 and 30,800 B. 17,600 and 26,400 C. 19,200 and 28,800 D. 17,600 and 32400