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thanks On May 1. Crane Company purchased factory equipment for...

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Accounting

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On May 1. Crane Company purchased factory equipment for $763600. The asset's useful life in hours is estimated to be 197000 . The estimated salvage value is $49000 and the estimated useful life in years is 9. The machine was used for 26000 hours in the first year. If the straight-line method will be used, what is depreciation expense for the first year of the asset's life? $94380$56562$52933$79400

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