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Requlred Information [The following Information applies to the questions displayed below.] Wardell Company purchased a minicomputer on January 1,2022 , at a cost of $56,000.

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Requlred Information [The following Information applies to the questions displayed below.] Wardell Company purchased a minicomputer on January 1,2022 , at a cost of $56,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $11,000. On January 1 , 2024 , the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $2,000. 2. Prepare the year-end journal entry for depreclation on December 31, 2024. Assume that the company uses the double-deciningbalance method Instead of the straight-line method. Note: If no entry Is required for a transaction/event, select "No journal entry requlred" In the first account fleld. Do not round Intermedlate calculations. Round your final answers to nearest whole dollar

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