Wardell Company purchased a mini computer on January $1,2022,$ at a cost of $$32,350.$ The computer has been depreciated using the straight$-$line method over an estimated five$-$year useful life with an estimated residual value of $$3,100.$ 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 $$930.$

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.

Required $1$

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 joumal entry required" in tho first account field. Round your final answers to nearest whole dollar.

Journal entry worksheet

$1$