(Answered) Swifty corporation purchased a new machine for its assembly

Accounting

Swifty Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $169,776. The company estimated that the machine would have a salvage value of $18,576 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 19,500 hours. Year-end is December 31.

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