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straight line depreciation Crane Enterprises purchased equipment on March 15, 2021, for $69,040. The company also paid the following amounts: S480 for freight charges; $208

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straight line depreciation
Crane Enterprises purchased equipment on March 15, 2021, for $69,040. The company also paid the following amounts: S480 for freight charges; $208 for insurance while the equipment was in transit: $1,767 for a one-year insurance policy: $2.005 to train employees to use the new equipment: and $2,752 for testing and installation. The company began to use the equipment on April 1. Crane has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) (b) (c) Using the method chosen above; calcailate the depreciation on the equipment for 2021 , (hound aruwer to Q decimal pooses es 5.275.)

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