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Teal Company purchased a computer system for $73,900 on January 1, 2024, It was depreciated based on a 7-year life and an $19,300 salvage

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Teal Company purchased a computer system for $73,900 on January 1, 2024, It was depreciated based on a 7-year life and an $19,300 salvage value. On January 1, 2026, Teal revised these estimates to a total useful life of 4 years and a salvage value of 59.200 Prepare Teal's entry to record 2026 depreciation expense. Teal 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 O for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit

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