Testbank Multiple Choice Question 87 Crane Company purchased a depreciable asset for $581000 on January 1, 2018. The estimated salvage value is $50000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Crane changed its estimates to a total useful life of 5 years with a salvage value of $80000. What is 2021 depreciation expense? $162000 O $90200 $177000 $59000