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Crane Company purchased equipment for $6000 on January 1, 2020. The company expects to use the equipment for 4 years. It has no salvage value.

Crane Company purchased equipment for $6000 on January 1, 2020. The company expects to use the equipment for 4 years. It has no salvage value. Monthly depreciation expense on the asset is O $125. O sO. O $1500. O $6000.

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