27 Required information The following information applies to the questions displayed below) Wardell Company purchased...
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27 Required information The following information applies to the questions displayed below) Wardell Company purchased a mainframe on January 1, 2019, at a cost of $48.000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $3.000. 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 $1200 01:53:00 Required: 1. Prepare the year-end journal entry for depreciation in 2021. No depreciation was recorded during the year of no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your final answer to nearest whole dollar:) View transaction list Journal entry worksheet Record depreciation expense for 2021 Note: Enter debit before credits General Journal Crode 1 Record entry Clear entry View general mal
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