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24. On October 1, 2019 , Swift Corporation purchased machinery for $380,000. Residual value was estimated to be $20,000. The machinery will be depreciated over
24. On October 1, 2019, Swift Corporation purchased machinery for $380,000. Residual value was estimated to
be $20,000. The machinery will be depreciated over eight years using the sum-of-the-years-digits method.
What amount should Swift record as depreciation expense for 2020 on this machinery?
a. $81,805.
b. $77,690.
c. $77,500.
d. $70,000.
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