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Swifty Company purchased machinery on January 1,2020 , for $82,400. The machinery is estimated to have a salvage value of $8,240 after a useful life

Swifty Company purchased machinery on January 1,2020 , for $82,400. The machinery is estimated to have a salvage value of $8,240 after a useful life of 8 years. (a) Compute 2020 depreciation expense using the sum-of-the-years-digits method

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