Wardell Company purchased a mini computer on January 1, 2014, at a cost of $34,900. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $3,400. 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 $940. Required: 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 view general journal Journal Entry Worksheet Record the depreciation. Debit Credit General Journal Event 2,670 2010 Depreciation expense Accumulated depreciation *Enter debits before credits clear entry record entry