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Send to Gradebook Question 3 View Policies Current Attempt in Progress Swifty Corp. purchased...

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Accounting

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Send to Gradebook Question 3 View Policies Current Attempt in Progress Swifty Corp. purchased machinery for $345,000 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 264,000 units, and working hours of 25,000. During 2021, Swifty Corp. uses the machinery for 2,650 hours, and the machinery produces 26,200 units. From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round intermediate calculations to 2 decimal places, eg 5.25 and final answers to decimal places, eg 45,892) (a) Straight-line (b) Units-of-output (c) Working hours (d) Sum-of-the-years-digits (e) Declining balance (use 20% as the annual rate) $ e Textbook and Media Attempts: 0 of 3 used

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