Swifty Company purchased machinery on January 1, 2020, for $82,400. The machinery is estimated to...
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Swifty Company purchased machinery on January 1, 2020, for $82,400. The machinery is estimated to have a salvage value of $8,240 after a useful life of 8 years.
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Compute 2020 depreciation expense using the straight-line method.
| Depreciation expense | $enter depreciation expense in dollars |
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Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020.
| Depreciation expense | $enter depreciation expense in dollars |
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