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On January 1, 2013, Crane Ltd. purchased a building for $840000. At this time, the building had an estimated residual value of $319000 and an

On January 1, 2013, Crane Ltd. purchased a building for $840000. At this time, the building had an estimated residual value of $319000 and an estimated useful life of 20 years. The company has recorded monthly depreciation using the straight-line method. On January 1, 2023, it is decided to put the building up for sale for $1210000. At December 31, 2023, the building is still for sale. The correct depreciation to record for 2023 is O $0. $42000. $26050. O $60500.
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On January 1.2013, Crane Ltd, purchased a building for $840000. At this time, the building had an estimated residual value of $319000 and an estimated usefut life of 20 years. The company has recorded monthly depreciation using the straight-line method: On January 1,2023, it is decided to put the bulding up for sale for $1210000, At December 31,2023 , the building is still for sale. The correct depreciation to record for 2023 is $0. $42000. $26050. $60500

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