Multiple Choice question 116 Swifty Company purchased machinery with a list price of $96500. They were given a 10 discount by the manufacturer. They paid $450 for shipping and sales tax of $4900 Swity estimates that the machinery will have a useful life of 10 years and a residual value of $29400. Swifty straight line depreciation annual depreciation will be $9160. 56258 55745 16280 Multiple Choice Question 121 Shemed company purchased equipment for $150000 on January 1, 2017, and will use the double-declining balance method of depreciation. It is estimated that the equipment will have a 5. year life and a $5000 salvage value at the end of its useful. The amount of depreciation expense recognized in the year 2018 will be $31680 $21600. $36000 $20736