y purchased a mini computer on January 1, 2019, at a cost of $34,050. The computer has been g the straight-line method over an estimated five-year useful life with an estimated residual value ary 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of resid ed to $910. ate adjusting entry for depreciation in 2021 to reflect the revised estimate. (If no entry is required ect "No journal entry required" in the first account field.)

y purchased a mini computer on January 1, 2019, at a cost of $34,050. The computer has been g the straight-line method over an estimated five-year useful life with an estimated residual value ary 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of resid ed to $910. ate adjusting entry for depreciation in 2021 to reflect the revised estimate. (If no entry is required ect "No journal entry required" in the first account field.)

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Description: 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 $34,050. The computer has beendepreciated using the straight-line method over an esti

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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