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Your answer is incorrect. On January 1, 2022, Crane Corporation acquired machinery for $1710000. Crane adopted the straight-line method of depreciation for this machine and

image text in transcribed Your answer is incorrect. On January 1, 2022, Crane Corporation acquired machinery for $1710000. Crane adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2025 , a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Crane should record as depreciation expense for 2025 is $239400. $299250. $342000. $171000

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