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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Part 1 of 2 1921 Required information (The following information applies to the questions displayed below) Wardell Company purchased a mini computer on January 1, 2019, at a cost of $34,900. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $3,400. 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 $940 Required: 1. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. Mc Graw No 1 Event General Journal 1 Depreciation expense Accumulated depreciation < Prev 8 7 00 Debit Credit 21.3526 21,352 of 13 Next >
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