Crane Company purchased equipment on January 1, 2025 for $126,000. It is estimated that the equipment will have a $7,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 140,000 units over its 5-year life. Answer the following independent questions.

Crane Company purchased equipment on January 1,2025 for $126,000. It is estimated that the equipment will have a $7,000 salvage value at the end of its 5-vear useful life. It is also estimated that the equipment will produce 140.000 units over its 5 -year life. Answer the following independent questions. If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated DepreciationEquipment account at December 31, 2027? Accumulated depreciation-equipment Crane Company purchased equipment on January 1,2025 for $126,000. It is estimated that the equipment will have a $7,000 salvage value at the end of its 5-vear useful life. It is also estimated that the equipment will produce 140.000 units over its 5 -year life. Answer the following independent questions. If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated DepreciationEquipment account at December 31, 2027? Accumulated depreciation-equipment