During 2021, Swifty Inc. had sales on account of $191000, cash sales of $81900, and collections on account of $126100. In addition, they collected $2170 which had been written off as uncollectible in 2020. As a result of these transactions, the change in the accounts receivable balance indicates a $146800 increase O $62730 increase. O $144630 increase O $64900 increase Save for Later Attempts: 0 of 1 used Submit Answer Equipment was purchased for $146000. Freight charges amounted to $6700 and there was a cost of $19000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30500 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be O $34340 O $24060. O $28240. O $23100 Save for Later Attempts: 0 of 1 used Submit Answer On May 1, 2021, Bonita Company sells office furniture for $294000 cash. The office furniture originally cost $760000 when purchased on January 1, 2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $77800. What depreciation expense should be recorded on this asset in 2021? O $22740 O $34110 O $25333 O $68220. Save for Later Attempts: 0 of 1 used Submit Answer Crane Towing Company purchased a tow truck for $184000 on January 1, 2020. It was originally depreciated on a straight-line basis over 10 years with an assumed salvage value of $39000. On December 31, 2022, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2022) and the salvage value to $6000. What was the depreciation expense for 2022? O $19500 O $46000. O $15600. O $37250. Save for Later Attempts: 0 of 1 used Submit