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Novak plc purchased a computer for 10,240 on January 1,2021 . Straight-line depreciation is used, based on a 5-year life and a 1,280 residual value.

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Novak plc purchased a computer for 10,240 on January 1,2021 . Straight-line depreciation is used, based on a 5-year life and a 1,280 residual value. In 2023 , the estimates are revised. Novak now feels the computer will be used until December 31,2024 , when it can be sold for 640. Compute the 2023 depreciation. Depreciation expense, 2023

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