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On November 1, 2024, Crane Marine places a new asset into service. The cost of...

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Accounting

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On November 1, 2024, Crane Marine places a new asset into service. The cost of the asset is $84500 with an estimated 10 -year life and $10500 salvage value at the end of its useful life. What is the depreciation expense for 2025 if Crane Marine uses the straight-line method of depreciation? $4225 $1233. $1850. $7400

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