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1.45 please help! thanks Required information Exercise 11-23 (Algo) Change in estimate; useful life and residual value of equipment [LO11-2, 11-5] [The following information applies
1.45 please help! thanks Required information Exercise 11-23 (Algo) Change in estimate; useful life and residual value of equipment [LO11-2, 11-5] [The following information applies to the questions displayed below.] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $45,000. 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 $1,800 xercise 11-23 (Algo) Part 1 equired: Prepare the year-end journal entry for depreciation on December 31, 2024. No depreciation was recorded during the year. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final nswers to nearest whole dollar. Required information Exercise 11-23 (Algo) Change in estimate; useful life and residual value of equipment [LO11-2, 11-5] [The following information applies to the questions displayed below.] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $45,000. 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 $1,800. xercise 11-23 (Algo) Part 2 - Prepare the year-end journal entry for depreciation on December 31, 2024. Assume that the company uses the double-deiningalance method instead of the straight-line method. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round itermediate calculations. Round your final answers to nearest whole dollar
1.45 please help! thanks
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