Determine the depreciation expense for the crane in 2009

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Reference no: EM1312151

Calculation of depreciation under SLM.

Hendricks construction purchased a crane on January1, 2007, for $102,750. at the time of purchase, the crane was estimated to have a life of six years and a residual value of $6,750. In 2009, Hendricks determined that the crane had the total useful life of 7 years and the residual value of $4,500, if Hendricks uses the straight-line method, what will be the depreciation expense for the crane in 2009?

Reference no: EM1312151

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