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

On July 1,2022, Crane Company purchased new equipment for $100,800. Its estimated useful life was 7 years with a $12,600 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 $6,300. Compute the balance in accumulated depreciation-equipment for this equipment after depreciation expense has been recorded on december 31,2025
 On July 1,2022, Crane Company purchased new equipment for $100,800. Its

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