Cutter enterprises purchased equipment for $72,000 on january 1, 2011. the equipment is expected to have a five-year life and a residual value of $6,000. using the sum-of-the-years'-digits method, depreciation for 2011 and book value at december 31, 2011 would be: $22,000 and $44,000. $22,000 and $50,000. $24,000 and $48,000. $24,000 and $42,000.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.