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Required information The following information applies to the questions displayed below) Wardell Company purchased a mainframe on January 1, 2019, at a cost of $40,000.

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Required information The following information applies to the questions displayed below) Wardell Company purchased a mainframe on January 1, 2019, at a cost of $40,000. The computer was depreciated using the straight line method over an estimated five-year life with an estimated residual value of $4,000. On January 1, 2021. the estimate of useful ife was changed to a total of 10 years, and the estimate of residual value was changed to $900. Required: 1. Prepare the year end journal entry for depreciation in 2021. No depreciation was recorded during the year (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar) Journal entry worksheet acord depreciation expers for 2021 Credit

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