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4 Part 1 of 2 1 6 . 6 6 points Skipped Exercise 1 1 - 2 3 ( Algo ) Part 1 Required: Prepare
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Exercise Algo Part
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Prepare the yearend journal entry for depreciation on December No depreciation was recorded during the year. Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your final answers to nearest whole dollar.
Wardell Company purchased a minicomputer on January at a cost of $ The computer was depreciated using the straightline method over an estimated fiveyear life with an estimated residual value of $ On January the estimate of useful life was changed to a total of years, and the estimate of residual value was changed to $
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