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What will be the depreciation expense for the crane

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Reference no: EM133010189

Question - Shinhan Construction purchased a crane on January 1, 2015, for $102,750. At the time of purchase, the crane was estimated to have a useful life of 6 years and a residual value of $6,750. In 2017, Shinhan determined that the crane had a total useful life of 7 years and a residual value of $4,500. If Shinhan uses the straight-line method of depreciation, what will be the 2017 depreciation expense for the crane?

a. $16,000.

b. $13,250.

c. $9,464.

d. $8,000.

Reference no: EM133010189

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