On April 22, 2023, Crane Enterprises purchased equipment for $144,900. The company expects to use the equipment

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On April 22, 2023, Crane Enterprises purchased equipment for $144,900. The company expects to use the equipment for 11,000 working hours during its four-year life and that it will have a residual value of $14,000. Crane has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2023; 2,600 hours in 2024; 3,500 hours in 2025; 2,800 hours in 2026; and 800 hours in 2027

Posted Date: May 19, 2024 05:16 AM

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On April 22, 2023, Crane Enterprises purchased equipment for $144,900. The company expects to use the equipment

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