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Required information Skip to question [ The following information applies to the questions displayed below. ] Wardell Company purchased a minicomputer on January 1 ,
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The following information applies to the questions displayed below.
Wardell Company purchased a minicomputer on January at a cost of $ The computer was depreciated using the straightline method over an estimated fiveyear life with an estimated residual value of $ On January the estimate of useful life was changed to a total of years, and the estimate of residual value was changed to $
Prepare the yearend journal entry for depreciation on December Assume that the company uses the doubledecliningbalance method instead of the straightline method.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar.!
Required information
The following information applies to the questions displayed below.
Wardell Company purchased a minicomputer on January at a cost of $ The computer was depreciated
using the straightline method over an estimated fiveyear life with an estimated residual value of $ On Janyary
the estimate of useful life was changed to a total of years, and the estimate of residual value was changed to
$
Prepare the yearend journal entry for depreciation on December Assume that the company uses the doubledeclining
balance method instead of the straightline method.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round
intermediate calculations. Round your final answers to nearest whole dollar.
Answer is complete but not entirely correct.
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