5 Formula: Multiply, Divide, Subtract; Cell Referencing Using Excel to Calculate a Change in Estimates for Depreciation PROBLEM Chuckwalla Limited purchased a computer on January 1, 2023. 7 Straight-line depreciation is used for the computer. In 2025, the 8 estimates are revised and at that time, Chuckwalla now expects the 9 computer will be used until December 31, 2026 and has revised the 10 salvage value. Additional information concerning the computer 11 follows 12 13 Cost of computer 7,000 14 Original estimated salvage value 1,000 15 Original estimated useful life in years 5 16 Revised salvage value 17 500 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work area as indicated. Calculate the 2025 depreciation expense. Annual depreciation expense Carrying amount, January 1, 2025 Remaining useful life in years Depreciation expense, 2025 4,600 21 222 18 19 20