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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 minicomputer on January 1, 2022, at a cost of $51,000. The computer was depreciated using the straight-line method over an estimated fiveyear life with an estimated residual value of $3,000. 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 $600. 2. Prepare the year-end journal entry for depreciation on December 31, 2024. Assume that the company uses the double-declining-balance method instead of the straight-line method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar

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