Ivanhoe Company purchased a computer system for $76,650 on January 1, 2016. It was depreciated based on a 7-year life and an $18,200 salvage value. On January 1, 2018, Ivanhoe revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Ivanhoe uses straight-line depreciation Prepare Ivanhoe's entry to record 2018 depreciation expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Ivanhoe Company purchased a computer system for $76,650 on January 1, 2016. It was depreciated based on a 7-year life and an $18,200 salvage value. On January 1, 2018, Ivanhoe revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Ivanhoe uses straight-line depreciation Prepare Ivanhoe's entry to record 2018 depreciation expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)