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MacGyver Company bought equipment on January 3, 2019, for $35,400. At the time of purchase,the equipment was estimated to have a useful life of 4 years and a salvage value of $1,200. Using the straight line method, the amount of one year's depreciation is
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MacGyver Company bought equipment on January 3, 2019, for $35,400. At the time of purchase,the equipment was estimated to have a useful life of 4 years and a salvage value of $1,200. Using the straight line method, the amount of one year's depreciation is

$15.00 $30.00

MacGyver Company bought equipment on January 3, 2019, for $35,400.
At the time of purchase,the equipment was estimated to have a useful life of 4 years and a salvage value of $1,200. Using the straight line method, the amount of one year's depreciation is:

Multiple choice:
$1,200
$5,900
$475
$8,550

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