Question 10 Crane Company acquires equipment at a cost of $42,000 on January 3, 2021. Management estimates the equipment will have a residual value of $5,700 at the end of its 6-year useful life. Assume the company uses the straight-line method of depreciation. Calculate the depreciation expense for each year of the equipment's life. Crane has a December 31 fiscal year end. Depreciation expense By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 1 used