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Can someone please help me solve these two parts? Thanks!Wardell Company purchased a mini computer on January 1 , 2 0 2 2 , at

Can someone please help me solve these two parts? Thanks!Wardell Company purchased a mini computer on January 1,2022, at a cost of $40,000. The computer has been depreciated using the
straight-line method over an estimated five-year useful life with an estimated residual value of $4,000. 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 $900.
Required:
Prepare the appropriate adjusting entry for depreciation in 2024 to reflect the revised estimate.
Prepare the appropriate adjusting entry for depreciation in 2024 to reflect the revised estimate, assuming that the company uses
the sum-of-the-years'-digits method instead of the straight-line method.
Prepare the appropriate adjusting entry for depreciation in 2024 to reflect the revised estimate.
Note: 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.
Journal entry worksheet
1
Record the depreciation.
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