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On September 19, 2020, Swifty Corporation purchased machinery for $480000. Salvage value was estimated to be $24000. The machinery will be depreciated over eight years
On September 19, 2020, Swifty Corporation purchased machinery for $480000. Salvage value was estimated to be $24000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Swifty should record depreciation expense for 2021 on this machinery of
A76000.
B$98403.
C$103333.
D$98167.
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