[The following information applies to the questions displayed below.) Wardell Company purchased a mini computer on Janua

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The Following Information Applies To The Questions Displayed Below Wardell Company Purchased A Mini Computer On Janua 1 (43.7 KiB) Viewed 14 times

[The following information applies to the questions displayed below.) Wardell Company purchased a mini computer on January 1, 2019, at a cost of $34,050. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $3,300. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $910. 2. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate, assuming that the company uses the sum-of-the-years-digits method instead of the straight-line method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the depreciation. Note: Enter debits before credits Event Debit Credit 1 General Journal