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Crane Company purchased a new machine on October 1,2025 , at a cost of $89,920....

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Accounting

image Crane Company purchased a new machine on October 1,2025 , at a cost of $89,920. The company estimated that the machine has a salvage value of $9,280. The machine is expected to be used for 71,300 working hours during its 8 -year life. Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end

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