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On January 1, 2017, Crane Company purchased a new machine for $4230000. The new machine has an estimated useful life of nine years and the

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On January 1, 2017, Crane Company purchased a new machine for $4230000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $153000. Depreciation was computed using the sum-of-the-years-digits method. What amount should be shown in Crane's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine? $2633131 $2508300 $2689800 O $3414600

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