Brief Exercise 11-7

Novak Company purchased a computer for $8,880 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,110 salvage value. In 2018, the estimates are revised. Novak now feels the computer will be used until December 31, 2019, when it can be sold for $555. Compute the 2018 depreciation. (Round answer to 0 decimal places, e.g. 45,892.)