Question
Crane Company bought equipment for $ 130000 on January 1, 2021. Crane estimated the useful life to be 10 years with no salvage value, and
Crane Company bought equipment for $130000 on January 1, 2021. Crane estimated the useful life to be 10 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Crane decides that the business will use the equipment for a total of 11 years. What is the revised depreciation expense for 2022?
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The correct answer is 11700 Explanation Depreciation for the 10 years Purchase value in...
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
