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Warde'll Company purchased a mini computer on January 1, 2016, at a cost of $45,950. The computer has been depreciated using the straight-ine method over

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Warde'll Company purchased a mini computer on January 1, 2016, at a cost of $45,950. The computer has been depreciated using the straight-ine method over an estimated five-year useful life with an estimated residual value of $4,700 On January 1, 2018, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $850 Required: 1 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate 2 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. Assuming that the company uses the sum-of-the-years digns method instead of the straight-line method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate adjusting entry for depreciation in 2018 to reflect the revised estimate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar.) Journal entry worksheet Enter debes Prev12of 12Next DOLL

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