Crane Corporation, a manufacturer of steel products, began operations on October 1,2024 . The accounting department of Crane has started the fixed-asset and depreciation schedule presented as follows. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel. 1. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition. 2. Land A and Building A were acquired from a predecessor corporation. Crane paid $798,000 for the land and building together. At the time of acquisition, the land had an appraised value of $88,300, and the building had an appraised valu f$794,700. 3. Land B was acquired on October 2, 2024, in exchange for 2,800 newly issued shares of Crane's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $31 per share. During October 2024, Crane paid $16,200 to demolish an existing building on this land so it could construct a new building. 4. Construction of Building B on the newly acquired land began on October 1, 2025. By September 30, 2026, Crane had paid $341,100 of the estimated total construction costs of $407,400. It is estimated that the building will be completed and occupied by July 2027 5. Certain equipment was donated to the corporation by a local university. An independent appraisal of the equipment when donated placed the fair value at $41,600 and the salvage value at $3,100. 6. Machinery A's total cost of $180,900 includes installation expense of $560 and normal repairs and maintenance of $15,500. Salvage value is estimated at $6,100. Machinery A was sold on February 1, 2026. 7. On October 1, 2025, Machinery B was acquired with a down payment of $5,570 and the remaining payments to be made in 11 annual installments of $5,830 each beginning October 1,2025 . The prevailing interest rate was 8%. The following data were abstracted from present value tables (rounded). CRANECORPORATIC Fixed-Asset and Depreciation For Fiscal Vears Ended September 30, 2025, CRANE CORPORATION tssetand Depreciation Schedule 15 eptember 30, 2025, and September 30, 2026 Depreciation Expense Year Ended September 30 preciation Methoq N/A Straight-line N/A Straight-line % declining-balance -of-the-years'-digits Straight-line 20 (3) $13,598 N/A 30 10 8 (11) (8) N/A N/A - (6) (9) (12) (14) eTextbook and Media Save for Late Attempts: unlimited Submit