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Swifty company purchased a computer system for 66800 on

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Swifty Company purchased a computer system for $66,800 on January 1, 2016. It was depreciated based on a Swear life and an $17,000 salvage value. On January 1, 2018, Swifty revised these estimates to a total useful life of4 years and a salvage value of $10,000. Swifty uses straight-line depreciation.

Prepare Swity's entry to record 2018 depreciation expense.

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Accounting Basics: Swifty company purchased a computer system for 66800 on

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Accounting Basics: Swifty company purchased a computer system for 66800 on

Reference No:- TGS02456415

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