Wardell Company purchased a mini computer on January 1,2022. at a cost of $35,750. The computer has been depreciated using the straight-line method over an estimated five-year useful ufe with an estimated residual value of $3,500. On January 1, 2024, the estimate of usefut life was changed to a totat of 10 years, and the estimate of residual value was changed to $930. Required: 1. Prepare the appropriate adjusting entry for depreciation in 2024 to reflect the revised estimate 2. 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-fine method. Wardell Company purchased a mini computer on January 1,2022. at a cost of $35,750. The computer has been depreciated using the straight-line method over an estimated five-year useful ufe with an estimated residual value of $3,500. On January 1, 2024, the estimate of usefut life was changed to a totat of 10 years, and the estimate of residual value was changed to $930. Required: 1. Prepare the appropriate adjusting entry for depreciation in 2024 to reflect the revised estimate 2. 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-fine method