Swifty Corporation purchased factory equipment that was installed and put into service January 2, 2020, at a total cost of $141000. Salvage value was estimated at $11000. 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 O $65000. O $70500. $35250. O $32500. eTextbook and Media ULIN

Swifty Corporation purchased factory equipment that was installed and put into service January 2,2020 . at a total cost of $141000. Salvage value was estimated at $11000. 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 $65000.$70500.$35250.$32500