A !2. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate, assuming that the company uses thesum-of-the-years'-digits method instead of the straight-line method. (If no entry is required for a transaction/event, select "No journalentry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest wholedollar.)NoRequired information[The following information applies to the questions displayed below.]Wardell Company purchased a mini computer on January 1, 2019, at a cost of $42,550. The computer has beendepreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of$4,300. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residualvalue was changed to $930.1Event1X Answer is complete but not entirely correct.General JournalDepreciation expenseAccumulated depreciation> >Debit2,716 XCredit2,716 X

Name: A !2. Prepare the appropriate adjusting entry for depreciation in 2021
Uploaded: 2024-03-05T11:50:36.000Z
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Description: A !2. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate, assuming that the company uses thesum-of-the-years'-digits method instead of the straight-line method. (If no entry is required for a transaction/