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PLEASE SOLVE PART (b) TOO Current Attempt in Progress Crane Company purchased a new plant asset on April 1, 2020, at a cost of $714,000.
PLEASE SOLVE PART (b) TOO
Current Attempt in Progress Crane Company purchased a new plant asset on April 1, 2020, at a cost of $714,000. It was estimated to have a service life of 20 years and a salvage value of $57,120. Crane' accounting period is the calendar year. (a) x Your answer is incorrect. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $ 31944 Depreciation for 2021 $ 23958 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress Crane Company purchased a new plant asset on April 1, 2020, at a cost of $714,000. It was estimated to have a service life of 20 years and a salvage value of $57,120. Crane' accounting period is the calendar year. (a) x Your answer is incorrect. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $ 31944 Depreciation for 2021 $ 23958 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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