Question: On July 1 , 2 0 2 2 , Crane Company purchased new equipment for $ 8 3 , 2 0 0 . Its estimated

On July 1,2022, Crane Company purchased new equipment for $83,200. Its estimated useful life was 7 years with a $10,400 salvage
value. On January 1,2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage
value of $5,200. Compute the balance in accumulated depreciation-equipment for this equipment after depreciationexpense has been recorded on December 31,2025. Accmulated Depreciatio- Equimpent $ ?

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