Sheffield Company purchased a computer system for $$87,300$ on January $1,2024.$ It was depreciated based on a $8-$year life and an $$19,700$ salvage value. On January $1,2026,$ Sheffield revised these estimates to a total useful life of $4$ years and a salvage value of $$9,100.$

Prepare Sheffield's entry to record $2026$ depreciation expense. Sheffield uses straight$-$line depreciation. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

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