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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 at a cost of $ The computer has been depreciated using the straightline method over an estimated fiveyear useful 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 $ Required: Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate. Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate, assuming that the company uses the sumoftheyears'digits method instead of the straightline method. Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate. 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. Journal entry worksheet Record the depreciation.
Can someone please help me solve these two parts? Thanks!Wardell Company purchased a mini computer on January at a cost of $ The computer has been depreciated using the
straightline method over an estimated fiveyear useful 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 $
Required:
Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate.
Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate, assuming that the company uses
the sumoftheyears'digits method instead of the straightline method.
Prepare the appropriate adjusting entry for depreciation in to reflect the revised estimate.
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.
Journal entry worksheet
Record the depreciation.
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