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Question 1 Sarasota Company purchased a computer system for $66,800 on January 1, 2016. It was depreciated based on a 6-year life and an $17,000

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Question 1 Sarasota Company purchased a computer system for $66,800 on January 1, 2016. It was depreciated based on a 6-year life and an $17,000 salvage value. On January 1, 2018, Sarasota revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Sarasota uses straight- ine depreciation. Prepare Sarasota'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 O for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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