BlossomLimited purchased a computer for $8,800on January 1,2020. Straight-line depreciation is used for...

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Accounting

BlossomLimited purchased a computer for $8,800on
January 1,2020. Straight-line depreciation is used for the
computer, based on a five-year life and a $700residual value.
In 2022, the estimates are revised.Blossomnow expects
the computer will be used until December 31,2023, when it can be
sold for $600. Calculate the 2022 depreciation expense.

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