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Holt Company purchased a computer for $ 8 , 0 0 0 on January 1 , 2 0 2 4 . Straight - line depreciation

Holt Company purchased a computer for $8,000 on January 1,2024. Straight-line depreciation is used, based on a 5-year life and a $1,000 salvage value. In 2026, the estimates are revised. Holt now feels the computer will be used until December 31,2027, when it can be sold for $500. Compute the 2026 depreciation

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