Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thanks on may 1. crane company purchased fact

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

80.2K

Verified Solution

Question

Accounting

thanks
image
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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Imagine a professor wants to examine if there is a relationship between gender and performance on...

Basic Math
Q

You are trying to study for a physics exam, but your kids keep distracting you. You...

Physics
Q

How well does Uber treat its drivers? From a driver's standpoint, is it better to drive...

General Management
Q

Given the BJT data and circuit diagram shown in Figure 1 calculate the total power...

Geometry
Q

Twenty one different video games showing drug use were observed The duration times of drug...

Statistics
Q

The weight of a newborn animal is given by the formula W 4d 5 where...

Statistics
Q

Compute SWK Inc.'s tax liability for each of the following scenarios: (Use Corporate Tax Rate...

Accounting
Q

A review of the accounting records of Solomon Manufacturing indicated that the company incurred the...

Accounting
Q

The discount rate used in net present value analysis should normally match or exceed the...

Accounting
Q

Answer question 10 plzzz CONSOLIDATED BALANCE SHEETS (In...

Accounting
Q

Omega Manufacturing bases its rate on direct labor cost. At the beginning of the year,...

Accounting
Q

1. Under the expenditure cycle ordering materials, supplies and services are the first activity. Explain...

Accounting