Required Information [The following information applies to the questions displayed below.) Wardell Company purchased a...
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Required Information [The following information applies to the questions displayed below.) Wardell Company purchased a mini computer on January 1, 2019. at a cost of $35,750. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $3.500. 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 $930. Required: 1. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet
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