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Crane Corp. purchased machinery for $147000 on June 30,2023 . It is estimated that it has a useful life of 8 years, a residual value

image text in transcribed Crane Corp. purchased machinery for $147000 on June 30,2023 . It is estimated that it has a useful life of 8 years, a residual value of $18400, and total production of 280000 units. During 2023, this machinery produced 22100 units. The Corporation has a December 31 year end. Using the double-declining-balance method, the 2023 depreciation expense will be $21900.$18375.$19263.$18400

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