View Policies 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 deprecated over eight years using the sum of the years digits method. It depreciation is computed on the basis of the nearest full month, Swifty should record depreciation expense for 2018 on this machinery $97051 $88376 $103333 506187 Current Attempt in Progress Crane Company purchased machinery for $1270000 n uary 1, 2014 Straight line depreciation has been recorded based on a $85000 salvage value and How much cash did receive from the le of the machinery! years . The machinery was sold on May 1, 2018 at a pain of $26500 $216500 $14500 $260500 354500