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Crane Company bought a machine on January 1, 2017. The machine cost $160000 and had an expected salvage value of $21000. The life of the

Crane Company bought a machine on January 1, 2017. The machine cost $160000 and had an expected salvage value of $21000. The life of the machine was estimated to be 5years. The depreciation expense using the straight-line method of depreciation is

$46333.

$32000.

$27800.

none of these answer choices are correct.

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