Question 1 of 12 7 0.51 x32= View Policies Show Attempt History : Current...

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Accounting

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x32=
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Sweet Company purchased a computer system for $76,650 on January 1,2024. It was depreciated based on a 7-year life and an $18,200 salvage value. On January 1,2026, Sweet revised these estimates to a total useful life of 4 years and a salvage value of $10,000.
Prepare Sweet's entry to record 2026 depreciation expense. Sweet uses straight-line depreciation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)
iccount Titles and Explanation
Debit
Credit
Depreciation Expense
2997
Accumulated Depreciation-Equipment
eTextbook and Media
List of Accounts
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