Prepare the year end journal entry for the depreciation on December 31, 2024. Assume that the company uses the double declining balance method instead of the straight line method.

[The following information applles to the questions displayed below.] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $44,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $5,000. On January 1 . 2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $800, Exercise 11-23 (Algo) Part 2 2. Prepare the year-end journal entry for depreciation on December 31, 2024. Assume that the company uses the double-decliningpalance method instead of the straight-line method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar. Journal entry worksheet