Chuckwalla Limited purchased a computer for $7,000 on January 1, 2017. Straight-line depreciation is used for the

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Chuckwalla Limited purchased a computer for $7,000 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. Chuckwalla now expects the computer will be used until December 31, 2020, when it can be sold for $500. Calculate the 2019 depreciation expense.
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Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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