Question 4 of 29 View Show Attempt History Current Attempt is Progress At Jamary 1, 2022. Crane Company reported the following property, plant, and equipment accounts Accumulated depreciation-g Accumulated depreciation- Building $63.550.000 $5.000.000 97,400.000 Land 150,000,000 20.550,000 3.06/5 I The company uses straight fine depreciation for buildings and equipment, s year end is December 31, and Rating tries any The buildings are estimated to have a 40 year useful the and so salvage value the euloment is estimated to have a During 2022, the wing selected ratione May 1 36001 Myt Purchased for $4.00 Paid $1.000 mon cash and hund a 3-year note payable for the Interest on the notes payable annually each April 1 Spment for $300,000 cash. The ipment cost $2.46 min when witty purchased on January 1, 2014 Sold for $540ion Received $630,000 cash and accepted a 3-year 5% note t The land cost $1.00 million when purchased on June 1, 201A test on the n used equipment for $2.50 DMC. 35 each June 1 Redment that cost $5 mn when purchased on Desember 21, 2012. No process were rece