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On April 17, 2020, Anderson Services purchased a used crane for $126,000. The company expects the crane to remain useful for six years ( 900

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On April 17, 2020, Anderson Services purchased a used crane for $126,000. The company expects the crane to remain useful for six years ( 900 hours of use) and to have a residual value of $6,000. The company axpects the crane to be used for 130 hours until December 31, 2020, the company's year-end. Compule the amortization expense for 2020 using the following amortization methods: (a) straight line, (b) UOP, and (c) DDB. a. Compute the amortization expense for 2020 using the straight-line method. Begin by solecting the formula to calculate one year's amortization on the crane using the straight-line method, Then. enter the amounts and calculate the amortization for one full year. (Abbreviations used: amort. womortization.) -1/=Straight-4neamorization1/= Now that we have calculated a ful year of amortization using the straight-line method, we can calculate the amount of amortization expense for 2020. Seloct the formula, enter the amounts, and calculate the company's 2020 amortization on the crane. b. Compute the amortization expense for 2020 using the units-of-production method. Before calculating the 2020 amortization on the crane using the unils-of-production method, calculate the amortization expense per unit. Select the formula, and then enter the amounts and calculate the amortization per unit. (Round amortization per unit to two decimals, X,XX. Abbreviations used: amort. = amertization. Now, select the formula, enter the amounts, and calculate the company's 2020 amortization on the crane using the units-of-production method. (Round amortization expense to the nearest whole dollar.) x=Units-of-productionamorizationx= c. Compute the amortization expense for 2020 using the double-declining-balance method Begin by selecting the formula to calculate the company's full-year amortization on the crane using the double-declining-balance method. Then, enter the amounts and calculate the amortization for one full year, (Enter "0" for items with a zero value. Do not round intermediary caleulations. Only round amortization expense to the nearest dollar. Abbreviations used: amort. = amortixation.) Double-declining: (1)()x)x==balancoamorfization Now that we have calculated a full year of amortization using the double-declining balance method, we can calculate the amount of amortization expense for 2020. Select the formula, enter the amounts, and calculate the company's 2020 amortization on the crane. (Enter intermediary calculations to two decimal places. Round your final answer to the nearest whole dollar.). x=Double-declining-balanceamorization,2020x112=

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