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Coronado Company purchased a computer for $8,960 on January 1,2024. Straight-line depreciation is used, based on a 5-year life and a $1,120 salvage value. In

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Coronado Company purchased a computer for $8,960 on January 1,2024. Straight-line depreciation is used, based on a 5-year life and a $1,120 salvage value. In 2026, the estimates are revised. Coronado now feels the computer will be used until December 31,2027, when it can be sold for $560. Compute the 2026 depreciation. Depreciation expense, 2026

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