Swifty Corporation purchased factory equipment that was installed and put into service January 2, 2020, at a total cost of $155000. Salvage value was estimated at $12000. The equipment is being depreciated over four years using the double-declining balance method. For the year 2021, Swifty should record depreciation expense on this equipment of $38750. O $77500. O $71500. O $35750. Save for Later Last saved 46 minutes ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes