value 3.00 points Wardel Company purchased a minicomputer on January 1, 2014, at a cost of $40,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residuall value of $4,000. On January 1, 2016, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $400 1. Prepare the appropriate adjusting entry for depreciation in 2016 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 depreciation expense. Note: Enter debits before credits. vent Credit Record entry Clear entry View general journal 2. Prepare the appropriate adjusting entry for depreciation in 2016 assuming that the company uses the sum-of-the-years digits method instead of the straight-line method (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) O Type here to search