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On March 10, 2027, Swifty Company sells equipment that it purchased for $197,760 on August 20,2020 . It was originally estimated that the equipment would
On March 10, 2027, Swifty Company sells equipment that it purchased for $197,760 on August 20,2020 . It was originally estimated that the equipment would have a life of 12 years and a salvage value of $17,304 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation. (a) Compute the depreciation charge on this equipment for 2020 , for 2027 , and the total charge for the period from 2021 to 2026 , inclusive, under each of the six following assumptions with respect to partial periods. (Round depreciation per day to 2 decimal places, e.g. 15.64 and final answers to 0 derimal nlaces. e. . 45.897 .1
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