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Can you help with this? Required information {The foilowing information applies to the questions displayed beiovuj 1I.I'.ardel| Company purchased a mini computer on January 1,
Can you help with this?
Required information {The foilowing information applies to the questions displayed beiovuj 1I.I'."ardel| Company purchased a mini computer on January 1, 2019, at a cost of $46,800. The computer has been depreciated using the straightline method over an estimated veyear useful life with an estimated residual value of $4,800. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $600. Required: 1. Prepare the appropriate adjusting entry for depreciation in 2021 to reect the revised estimate. {If no entry is required for a transactionievent, select "No journal entry required\" in the rst account eld.) View transaction list Journal entry worksheet Record the depreciation. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journalStep by Step Solution
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