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Question 6 Crane Corporation uses straight-line depreciation, prepares adjusting entries annually, and has a December...

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Question 6 Crane Corporation uses straight-line depreciation, prepares adjusting entries annually, and has a December 31 year end. It purchased equipment on January 1, 2017, for $184,200. The equipment had an estimated useful life of five years and a residual value of $20,460. On December 31, 2018, the company tests for impairment and determines that the equipment's recoverable amount is $94,100. (a) x Your answer is incorrect. Try again. Assuming annual depreciation has already been recorded at December 31, calculate the equipment's carrying amount at December 31, 2018. Carrying amoune L 2200

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