On July 1, 2022, Crane Company purchased new equipment for $100,800. Its estimated useful life...
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On July 1, 2022, Crane Company purchased new equipment for $100,800. Its estimated useful life was 7 years with a $12,600 salvage value. On January 1,2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $6,300. Compute the revised annual depreciation on December 31, 2025. Revised annual depreciation \$
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