Show in its financial statements for the year ended

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Question: Windsor's Cove Marina has a September 30 year end. On August 1, 2024, it purchased a new marine crane to assist it with the autumn pull out of the boats in the marina. The physical life of the crane is expected to be 15 years, but Windsor plans to keep the crane for only 10 years as this represents the asset's useful life to the company and at which point they will scrap it and buy a newer model. The original cost of the crane is $61200. The amount of depreciation expense that Windsor should show in its financial statements for the year ended September 30, 2024, is

Reference no: EM133375405

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