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Waterway Company purchased a computer for $9,520 on January 1, 2024. Straight-line depreciation is used, based on a 5-year life and a $1,190 salvage

Waterway Company purchased a computer for $9,520 on January 1, 2024. Straight-line depreciation is used, based on a 5-year life and a $1,190 salvage value. In 2026, the estimates are revised. Waterway now feels the computer will be used until December 31, 2027, when it can be sold for $600. Compute the 2026 depreciation. Depreciation expense, 2026 $

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