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Swifty Ltd, purchased equipment for $64800 on January 1, 2019, and will use the diminishing-balance method of depreciation. It is estimated that the equipment will

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Swifty Ltd, purchased equipment for $64800 on January 1, 2019, and will use the diminishing-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $3500 residual value at the end of its useful life. The amount of depreciation expense recognized in the year 2021 will be O $13622 O $9600 $10217 O $3406

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