Required information

[The following information applies to the questions displayed below.] Wardell Company purchased a mini computer on January 1, 2019, at a cost of $37,450. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $3,700. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $910.

Required: 1. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate.

Unable to figure this out. I also put 2695 and that was wrong.

Required: 1. Prepare the appropriate adjusting entry for depreciation in 2021 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation. Note: Enter debits before credits. Event Credit General Journal Depreciation expense Accumulated depreciation Debit 14,980 14,980