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Sweet Company purchased a computer system for $$76,650$ on January $1,2024.$ It was depreciated based on a $7-$year life and an $$18,200$ salvage value. On January $1,2026,$ Sweet revised these estimates to a total useful life of $4$ years and a salvage value of $$10,000.$

Prepare Sweet's entry to record $2026$ depreciation expense. Sweet uses straight$-$line depreciation. $($Credit account titles are automatically indented when the 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. List debit entry before credit entry.$)$

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Debit

Credit

Depreciation Expense

$2997$

Accumulated Depreciation$-$Equipment

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