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Swifty Corporation bought equipment on January 1, 2017. The equipment cost $340000 and had an expected salvage value of $50000. The lif of the equipment

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Swifty Corporation bought equipment on January 1, 2017. The equipment cost $340000 and had an expected salvage value of $50000. The lif of the equipment was estimated to be 5 years. The depreciable cost of the equipment is $340000 $290000. $58000 $50000

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