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View Policies Show Attempt History Current Attempt in Progress Crane Inc., reported the following...

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Accounting

View Policies
Show Attempt History
Current Attempt in Progress
Crane Inc., reported the following information about two of its machines as at December 31,2023. The new controller of the compar Wendy Weink, is proposing new estimates for the useful line and residual value of these machines for 2024.
\table[[Machine,Date Acquired,Cost,Useful Life (in years),Residual Value],[Original,Proposed,Original,Proposed],[#1,Jan. 1,2015,$775,500,20,25,$37,780,],[#2,Jan. 1,2023,129,910,5,4,$4,510,$3,640
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