Wardell Company purchased a minicomputer on January 1, 2016, at a cost of S47,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of s5.000. On January 1, 2018, the estimate of useful total of 10 years, and the estimate of residual value was changed to $3,800. Required: 1. Prepare the year-end journal entry for depreciation in 2018 using the new estimates of useful life and residual value. No depreciation was recorded during the year