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Crane Company bought equipment for $ 630000 on January 1 , 2016. Crane estimated the...

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Accounting

Crane Company bought equipment for $ 630000 on January 1 , 2016. Crane estimated the useful life to be 5 years with no salvage value , and the straight - line method of depreciation will be used . On January Crane decides that the business use the equipment for a total of 10 years . What is the revised depreciation expense for 2017 ? 1,2017

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