Accounting

20 Sheffield Copy Shop bought equipment for $ 11200 on January 1, 2021. Sheffield estimated the useful life to be 4 years with no residual value, and the straight-line method of depreciation will be used. On December 31, 2022, prior to recording HI depreciation for that year, Sheffield decides that the business will use the M equipment for a total of 5 years. What is the depreciation expense for 2022? $2240 HI MF $1680 $2100 $2800 HP