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Compute the amortization expense

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Question - On April 17, 2020, Albany Services purchased a used crane for $128,000. The company expects the crane to remain useful for six years (700 hours of use) and to have a residual value of $8,000. The company expects the crane to be used for 110 hours until December 31, 2020, the company's year-end.

Compute the amortization expense for 2020 using the following amortization methods: (a) straight line, (b) UOP, and (c) DDB.

Reference no: EM132696517

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