Check my work Alteran Corporation purchased office equipment for $2.2 million in 2015. The equipment is being depreciated over a 8-year life using the sum-of-the-years-digits method. The residual value is expected to be $700,000. At the beginning of 2018. Alteran decided to change to the straight-line depreciation method for this equipment Required: Prepare the journal entry to record depreciation for 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction list View journal entry worksheet No Event Credit General Journal Depreciation expense Accumulated depreciation Debit 225.000 apter 11-20 Saved You received partial credit in the previous attempt. Check my wor Wardell Company purchased a mainframe on January 1, 2016, at a cost of $45,000. The computer was depreciated using the straight- line method over an estimated five-year life with an estimated residual value of $3,000. 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 $1,800. Required: 1. Prepare the year-end journal entry for depreciation in 2018. No depreciation was recorded during the year 2. Prepare the year-end journal entry for depreciation in 2018. Assume that the company uses the sum-of-the-years' digits method Instead of the straight-line method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the year-end journal entry for depreciation in 2018. Assume 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.)