Wardell Company purchased a minicomputer on January 1, 2014, at a cost of $45,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $3,000. 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 $1,800 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 view transaction list view general journal Journal Entry Worksheet Record depreciation expense. General Journal Debit Credit Event *Enter debits before credits done clear entry record entry