Required information [The following information applies to the questions displayed below.] Wardell...

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Accounting

Required information
[The following information applies to the questions displayed below.]
Wardell Company purchased a minicomputer on January 1,2022, at a cost of $56,000. The computer was depreciated
using the straight-line method over an estimated five-year life with an estimated residual value of $11,000. On January 1,
2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to
$2,000.
Required:
Prepare the year-end journal entry for depreciation on December 31,2024. No depreciation was recorded during the year.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final
answers to nearest whole dollar.
Journal entry
worksheet
1
Record depreciation expense for 2024.
Note: Enter debits before credits.
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