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(2 points) Ways Co purchased a minicomputer on January 1, 2019 at a cost of $80,000. The computer was depreciated using the straight-line method over
(2 points) Ways Co purchased a minicomputer on January 1, 2019 at a cost of $80,000. The computer was depreciated using the straight-line method over an estimated five-year life with a residual value of $6,000. On January 1, 2021, the machine is estimated to have a remaining life of six years and the residual value estimate was reduced to $900. Ways Co fiscal year ends on December 31st. Determine the depreciation expense recorded on the minicomputer in 2021
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