4 of 6 View Policies Show Attempt History Current Attempt in Progress 0/5 E On June 9, 2020, Crane Company purchased manufacturing equipment at a cost of $344,600. Crane estimated that the equipment will produce 600,000 units over its 5-year useful life, and have a residual value of $14.600. The company has a December 31 fiscal year end and has a policy of recording a half-year's depreciation in the year of acquisition. Your answer is incorrect Calculate depreciation under the straight-line method for 2020 and 2021 Depreciation Expense 2020 82500 2021 $ 82500 Your answer is incorrect Calculate the depreciation expense under the double diminishing-bulance method for 2020 and 2021 Depreciation Expense 2020 $ 5795 * Your answer is incorrect Calculate the depreciation expense under the double diminishing-balance method for 2020 and 2021. Depreciation Expense 2020 2021 38995 65065 * Your answer is incorrect. Calculate the depreciation expense under the units-of-production method, assuming the actual number of units produced was 70,500 in 2020 and 118,400 in 2021. (Round cost per unit to 2 decimal places, eg. 5.27 and round final answers to O decimal places, eg 5.275) 2020 Depreciation Expense 86150 2021 129225 Last saved 3 minutes ago Attempts: 1 of 3 used Submit