Swift corporation purchased a depreciable asset for $616,000 on January 1, 2018. The estimated salvage value is

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Swift corporation purchased a depreciable asset for $616,000 on January 1, 2018. The estimated salvage value is $58,000, and the estimated useful life is 9 years. The Straight-line method is used for depreciation. In 2021, Swifty changed its estimates to a total useful life of 5 years with the salvage value of $90,000. What is 2021 depreciation expense

Posted Date: May 18, 2024 10:17 AM

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Swift corporation purchased a depreciable asset for $616,000 on January 1, 2018. The estimated salvage value is

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