Compute annual depreciation and carrying value

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Reference no: EM13138010

Roman's Construction Company purchased a new crane for $721,000 at the beginning of year 1. The crane has an estimated residual value of $70,000 and an estimated useful life of six years. Compute the annual depreciation and carrying value for the new crane for each of the six years (round to the nearest dollar where necessary) under the double declining method. Round all intermediate percentage calculations to two decimal places.

Reference no: EM13138010

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