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Exercise 20-17 Change in estimate; useful life and residual value of equipment (LO20-4) Wardell Company purchased a mini computer on January 1, 2016, at a cost of $46,800. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $4,800. 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 $600. eBook Print Required: 1. Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. 2. Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. Assuming that the company uses the sum-of-the-years-digits method instead of the straight-line method. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar.) View transaction list Check my work Required 1 Required 2 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your final answers to nearest whole dollar.) points View transaction list eBook Journal entry worksheet References Record the depreciation. Note: Enter debits before credits Event General Journal Debit Credit Required 1 Required 2 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. Assuming that the company uses the sum-of-the-years-digits method instead of the straight-line method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar.) points View transaction list Journal entry worksheet References