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4 Wardell Company purchased a minicomputer on January 1, 2016, at a cost of $40,000. The computer was depreciated using the straight-line method over an

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4 Wardell Company purchased a minicomputer on January 1, 2016, at a cost of $40,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $4.000. On January 1. 2018, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $400 9.1 points Required: 1. Prepare the year-end journal entry for depreciation in 2018. No depreciation was recorded during the year 2. Prepare the year-end journal entry for depreciation in 2018. Assume that the company uses the sum-of-the-years' digits method instead of the straight-line method. eBook Complete this question by entering your answers in the tabs below Hint Print Prepare the year-end journal entry for depreclation in 2018. No depreciation was recorded during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) References View transaction list Journal entry worksheet Record depreclation expense. Note: Enter debits before credits. Debit Credit General Journal

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