Respuesta :
The straight-line method results in a depreciation of $4,400.
The purchase of an asset is made with the intention of bringing the company future financial benefits. Depreciation is the process by which an asset loses value over its estimated useful life.
Depreciation is a provision made in accounting to cover the deterioration of machinery and equipment. The straight-line method is one of the various methods used to calculate the amount of depreciation. For each asset's useful years, this method allocates an equal amount of depreciation. The residual value, or the amount an organization can make from selling an asset at the end of its useful life, is taken into account by the straight-line method.
The cost is $64,000, and the residual value is $5,200. The useful life is 12 years.
Straight-line depreciation is calculated as (Cost - Residual value) divided by the estimated useful life ($66,700 - $5,100) divided by 14 equals $4,400.
Learn more about Straight-line method here:
https://brainly.com/question/24279065
#SPJ4
