Question: Crane Corporation purchased a new machine for its assembly process on August 1,2025. The cost of this machine was $120,350. The company estimated that the
Crane Corporation purchased a new machine for its assembly process on August 1,2025. The cost of this machine was $120,350. The company estimated that the machine would have a salvage value of $12,300 at the end of its service fife its life is estimated at 5 years. and its working hours are estimated at 20,000 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, es. 5.35 for computotionol purposes. Round your answers to 0 decimal ploces, es. 45,892.) (a) Straight-line depreciation for 2025 (b) Activity method for 2025, assuming that machine usage was 830 hours (c) Sum-of-the-years'-digits for 2026 5 (d) Double-declining-balance for 2026
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