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Required information Wardell Company purchased a minicomputer on January 1,2022, at a cost of...

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Accounting

Required information
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 five-year 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.
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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