Brief Exercise 8-6 Change in Depreciation Estimate LO6 Example 8-5 A company purchased an asset on January 1, 2012, for $10,000. The asset was expected to have a ten-year life and a $1,000 salvage value. The company uses the straight-line method of depreciation. On January 1, 2014, the company determines that the asset will last only five more years. Calculate the amount of depreciation for 2014