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Crane plc purchased a computer for 6,400 on January 1, 2021. Straight-line depreciation is used, based on a 5-year life and a 800 residual value.

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Crane plc purchased a computer for 6,400 on January 1, 2021. Straight-line depreciation is used, based on a 5-year life and a 800 residual value. In 2023, the estimates are revised. Crane now feels the computer will be used until December 31, 2024, when it can be sold for 400. Compute the 2023 depreciation. Depreciation expense, 2023

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