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# The California Crane Company purchased eight new cranes of different sizes and qualities. CCC uses ...

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The California Crane Company purchased eight new cranes of different sizes and qualities. CCC uses the double-declining balance method of calculating depreciation. The data for each crane is given below. From this data compute the first year depreciation for each crane and the value of each crane at the end of its first year of use.

 Scrap Depreciation Value at Cost Est. Life Value Year 1 End of first Year $220,000 10 years$22,000 ________ ____________ $316,000 8 years$31,600 ________ ____________ $98,400 10 years$  9,840 ________ ____________ $420,000 10 years$42,000 ________ ____________ $108,800 5 years$10,800 ________ ____________ $784,500 8 years$78,450 ________ ____________ $780,000 8 years$78,000 ________ ____________ $520,000 4 years$52,000 ________ ____________
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## Contemporary Business Mathematics for Colleges

Edition: 16th
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duankong-feiduankong-fei
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 Sign in or Sign up in seconds to unlock everything for free More solutions for this book are available here

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remmylp Author
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 Good timing, thanks!
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 This helped my grade so much
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 Correct TY
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