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Swifty Corporation bought equipment on January 1, 2017. The equipment cost $390000 and had an expected salvage value of $35000. The life of the equipment

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Swifty Corporation bought equipment on January 1, 2017. The equipment cost $390000 and had an expected salvage value of $35000. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is $70833. $78000. $59167. none of these answer choices are correct

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