Normally, depletion expense is calculated using which allocation approach? The straight-line method. A diminishing balance method. An activity- You Crane Company Ltd. shows the following entries in its Equipment account for 2023. All amounts are based on historical cost. 1/1 8/10 8/12 8/25 11/10 (a) Balance Purchases of equipment Freight on equipment purchased Installation cos., Repairs Equipment 116,000 6/30 Cost of equipment sold (purchased prior to 2023) 28,000 600 2,300 430 method. None of the above; depletion expense uses a unique approach unlike any of these