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17. Swifty Corporation purchased a machine on July 1, 2020, for $910000. The machine has an estimated useful life of five years and a salvage
17. Swifty Corporation purchased a machine on July 1, 2020, for $910000. The machine has an estimated useful life of five years and a salvage value of $201000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2020, Swifty should record depreciation expense on this machine of
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