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What is the depreciation base of this asset

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Question - Crane Company purchased a depreciable asset for $360400. The estimated salvage value is $34400, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset?

a. $36040

b. $326000

c. $34400

d. $360400

Reference no: EM132609950

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