Swifty Company purchased equipment for $256,800 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 20,400. During 2020, Swifty uses the equipment for 600 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Swifty is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, eg, 5.35 and final answers to O decimal places, eg. 45,892.) (a) Straight-line method for 2020 $
(b) Activity method (units of output) for 2020 $
(c) Activity method (working hours) for 2020 $
(d) Sum-of-the-years-digits method for 2022 $
(e) Double-declining-balance method for 2021 $

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.