Wardell Company purchased a mini computer on January $1,2022,$ at a cost of $$31,500.$ The computer has been depreciated using the

straight$-$line method over an estimated five$-$year useful life with an estimated residual value of $$3,000.$ On January $1,2024,$ the

estimate of useful life was changed to a total of $10$ years, and the estimate of residual value was changed to $$900.$

Required:

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate.

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate, assuming that the company uses

the sum$-$of$-$the$-$years'$-$digits method instead of the straight$-$line method.

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate.

Note: 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

$1$

Record the depreciation.

Note: Enter debits before credits.