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Crane Company purchased factory equipment for $630000. Useful hours for the machine are estimated to...

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Accounting

Crane Company purchased factory equipment for $630000. Useful hours for the machine are estimated to be 170000. The estimated salvage value is $40000, and the estimated useful life is 8 years. The machine was used for 18000 hours in the first year. The straight- line method will be used for depreciation. What is depreciation expense for the first year if the asset was purchased on January 1? O $69107 O $62460 O $73750 O $78750
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Crane Company purchased factory equipment for $630000. Useful hours for the machine are estimated to be 170000 . The estimated salvage value is $40000, and the estimated useful life is 8 years. The machine was used for 18000 hours in the first year. The straightline method will be used for depreciation. What is depreciation expense for the first vear if the asset was purchased on January 1 ? 569107 $62460 $73750 $78750

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