Crane Company bought equipment for $130000 on January 1, 2021. Crane estimated the useful life to be 10 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Crane decides that the business will use the equipment for a total of 11 years. What is the revised depreciation expense for 2022?

$13000.

$5850.

$11700.

$10636.

Answer rating: 100% (QA)

The correct answer is 11700 Explanation Depreciation for the 10 years Purchase value in... View the full answer