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Tamarisk plc purchased a computer for 8,800 on January 1, 2021. Straight-line depreciation is used, based on a 5-year life and a 1,100 residual value.

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Tamarisk plc purchased a computer for 8,800 on January 1, 2021. Straight-line depreciation is used, based on a 5-year life and a 1,100 residual value. In 2023, the estimates are revised. Tamarisk now feels the computer will be used until December 31, 2024, when it can be sold for 550. Compute the 2023 depreciation. Depreciation expense, 2023

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