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Crane Company purchased Machine # 2 0 1 on May 1 , 2 0 2 5 . The following information relating to Machine # 2
Crane Company purchased Machine # on May The following information relating to Machine # was gathered at the
end of May.
It is expected that the machine could be used for years, after which the salvage value would be zero. Crane intends to use the
machine for only years, however, after which it expects to be able to sell it for $ The invoice for Machine # was paid May
Crane uses the calendar year as the basis for the preparation of financial statements.
a
Compute the depreciation expense for the years indicated using the following methods.
Straightline method for
Depreciation Expense
Sumoftheyears'digits method for
$
Doubledecliningbalance method for
$
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