MacGyver Company bought equipment on January 3, 20X1, for $34,100. At the time of purchase, the equipment was estimated to have a useful life of 6 years and a salvage value of $620. Using the straight-line method, the amount of one year's depreciation is

$5,580

Explanation:

Straight line method charges a fixed amount of depreciation for each and every year the asset is in use in the business.

Depreciation expense = (Cost - Salvage Amount) ÷ Estimated useful life

therefore,

Depreciation expense = ($34,100 - $620) ÷ 6

                                      = $5,580

Using the straight-line method, the amount of one year's depreciation is  $5,580.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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