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Coronado Company purchased a computer for $8,960 on January 1, 2019....

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Accounting

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Coronado Company purchased a computer for $8,960 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,120 salvage value. On January 1, 2021, the estimates are revised. Coronado now feels the computer will be used until December 31, 2022, when it can be sold for $560, Compute the 2021 depreciation (Round answer to 0 decimal places, e.g. 45,892.) Depreciation expense, 2021 $ e Textbook and Media Save for Later Attempts:0 of 3 used Submit

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