Question: diminishing balance using the doible straight line for 2017 through 2021 and unit of production for 2017 through 2021 Crane Ltd. purchased a new machine

diminishing balance using the doible straight line for 2017 through 2021 and unit of production for 2017 through 2021

Crane Ltd. purchased a new machine on April 4, 2017, at a cost of $172,000. The company estimated that the machine would have a residual value of $14,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,600 hours in 2017: 2,000 hours in 2018:2,200 hours in 2019:2,300 hours in 2020; and 1,900 hours in 2021. Crane has a December 31 year end

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