Cranston Ltd. acquired new equipment on September ( 30,20 imes 3 ) for ( $ 209,000 ). The estimated service life is 10 years with a ( $ 24,000 ) residual value. Cranston records partial-year depreciation based on the number of months in service. Using the sum-of-the-years'-digits method of depreciation, how much depreciation expense (to the nearest dollar) should Cranston record in ( 20 imes 3 ) on this equipment? (Do not round intermediate calculations.) Multiple Cholce ( $ 32,164 ). ( $ 9,500 ). ( $ 8,409 ). ( $ 28,947 ).

Cranston Ldd. acquired new equipment on September 30, 203 for $209,000. The estmated service life is 10 years wen a $24,000 residuat value. Cranston records partialyear depreciation based on the number of months in service. Using the sum-of-the-years'-digits method of depreciation, how much depreciation expense flo the nearest dollan should Cranston record in 20 a 3 on this equipment? (Do not round intermediate colculations.) Mutiple Choice 332.364 $9500 $8,409 5211, 947