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Crane Company bought equipment for $240000 on January 1, 2021. Crane estimated the useful life to be 4 years with no salvage value, and the

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Crane Company bought equipment for $240000 on January 1, 2021. Crane estimated the useful life to be 4 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 6 years. What is the revised depreciation expense for 2022? O $30000. $60000. $48000. O $36000

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