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Calculate the depreciation expense

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Question - Crane Limited purchased a computer for $7,800 on January 1, 2017. Straight-line depreciation is used for the computer, based on a five-year life and a $1,000 residual value. In 2019, the estimates are revised. Crane now expects the computer will be used until December 31, 2020, when it can be sold for $550. Calculate the 2019 depreciation expense.

Reference no: EM131903487

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