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Swifty Corporation purchased a machine for $66400 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method.

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Swifty Corporation purchased a machine for $66400 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5000. Depreciation for 2021 to the closest dollar is $33200. $8300 $14525. $13200

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