Current Attempt in Progress On September 19, 2017 Swifty Corporation purchased machinery for $480000. Salvage value was estimated to be $25000. The machinery will be depreciated over eight years using the sum of the years.dipits method of depreciation is computed on the basis of the nearest full month. Swifty should record depreciation expense for 2018 on this machinery of View Policies Current Attempt in Progress Crane Company purchased machinery for $1270000 on January 1, 2014 Straight line depreciation has been recorded based on a $85000 salvage value and a 5-year userul life. The machinery was sold on May 1, 2018 at pain of $26500 How much cash did Crane receive from the sale of the machinery