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Crane Company purchases a new machine on October 1, 2017, at a cost of $80, 500. the company estimated that the machine has a salvage

Crane Company purchases a new machine on October 1, 2017, at a cost of $80, 500. the company estimated that the machine has a salvage value of $6, 720. The machine is expected to be used for 72, 400 working hours during its 7-year life

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