Jew Policies Show Attempt History Current Attempt in Progress The followin gare some transactions of Crane Compamy for 2024, Crane Company uses straight-line depreciation and has a December 31 year end. Apr: 1 Retired a piece of equipment that was purchased on Janwary 1,2015 , for $56,000. The equipment had an expected useful lite ot 10 years with no residual value Jufy 30 Sold equipment for $1,600 cash, The equipment was purchased oa Jansary 3,2022 , for $13.320 and was depreciated over an eqpected iseful ilfe of three year3 with no residual value Nov.1 Traded inan old vehicle for a new vehicle, receiving a $10,000 trade-in allowince and p.wing 536,000 cash . The old vehicle had been purchased on November 1 , 2018, at a cost of 533,600 . The estimated useful life was eight yeats and the eatimated residual value was 56,000 . The fair value of the old vehicle was 58,800 on November 1. 2024