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Q1) Hendricks construction bought a crane on January1, 2007, for $102,750. at time of purchase, crane was evaluated to have a life of six years and residual value of $6,750. In 2009, Hendricks determined that crane had total useful life of 7 years and residual value of $4,500, if Hendricks uses straight-line method, compute the depreciation expense for the crane in 2009?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919508

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