Holt Company purchased a computer for $8.000 on January 1, 2016. Straight-line depreciation is used. Based on a 5 year life and a $1,000 salvage value. In 2018 the estimates are revised Holt now feels...

Extracted text: Holt Company purchased a computer for $8.000 on January 1, 2016. Straight-line depreciation is used. Based on a 5 year life and a $1,000 salvage value. In 2018 the estimates are revised Holt now feels the computer will be used until December 31. 2019. when it can be sold for $500. Compute the 2018 Depreciation $1,400 $2,350 $5.200 O None of the above.