Wardell Company purchased a mainframe on January 1, 2019, at a cost of $44,000 The...
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Wardell Company purchased a mainframe on January 1, 2019, at a cost of $44,000 The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $5,000. 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 $800 2. Prepare the year-end Journal entry for depreciation in 2021. Assume that the company uses the sum of the years' digits method instead of the straight-line method. (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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