Question: You have just bought a new computer for $ 3 , 0 0 0 and you estimate that it will have an effective life of

You have just bought a new computer for $3,000 and you estimate that it will have an effective life of 8 years after which it will be worthless (zero salvage value). What is the depreciation expense over the first year using the straight-line (Prime Cost) method (to the nearest dollar)? Please do not include dollar signs or commas in your answer.

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