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CraNe company owns equipment that cost $ 5 3 , 3 0 0 when purchased on January 1 , 2 0 2 2 , It

CraNe company owns equipment that cost $53,300 when purchased on January 1,2022, It has been depreciated using the straight line method based on an estimated salvage value of $4,100 and an estimated useful life of 5 years.

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