LOOT Casellsone product and estimates the allowance for doubtful accounts to be 5 of gross counts receivables. Presented below is the adjusted trial balance of LOOT Co on December 31 2020 Credit Debit (0 709 170 17 000 57 700 15 300 23 000 1150 View 30 420 11 20 21 24 Accounts Property, plant equipment, oross Accumulated depreciation Long-Term Investments in bonds nventory Accounts receivable, gross Allowance for doubtful accounts Cash Share copiral ordinary ( 3 por) Retained earnings Bonds payable (long-term) Accrued liabilities (short-term) Accounts payable Notes poyable (short-term) Sales revenue Cost of goods sold Selling expenses Bad debt expense Cash dividends Totals 756 000 55 000 9 000 1100 BOO 840 24 900 71 400 4.400 2 600 1 800 863 790 863 790 LOOT Co searched for external financing to upgrade its inventory tracking system. On January 1, 2021, LOOT Co. receives 14400 in cosh from the lender, and LOOT Co. agrees to pay the lender 15800 on September 1, 2021. This is a zero-interest short-term loan with a term of 8 months. LOOT Co. used the money to purchase a computer for 12400 on January 1, 2021, to track its inventories. The company Intends to depreciate the computer over 4 years using the double-declining balance method with a residual value of 1 000. On July 1, 2021, LOOT Co. prepaid 1600 as payment in full for a two-year subscription of an inventory tracking software, they booked this payment as a prepaid selling expense. The subscription started on the purchase date. Calculate the amount of depreciation expense that LOOT Co. will record on the computer in 2021. un standard function logic abc vector