Waterway Compary chatged depreciation methods in 2020 from double-declining-balance to straight-line. Depreciation prior to 2020 under double-declining-balance was $89,100, whereas straight-line depreciation prior to 2020 would have been $51,400 Waterway's depreciable assets had a cost of $254,800 with a $39,300 salvage value, and an 8 -year remaining useful life at the beginning of 2020. Prepare the 2020 journal entry related to Waterway's depreciable assets (equipment). (Credit occount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts) Tamarisk Company purchased a computer system for $82,600 on January 1,2019. It was depreciated based on a 8 -year life and an $17.000 salvage value. On January 1, 2021. Tamarisk revised these estimates to a total useful life of 4 years and a salvage value of. $10,200. Tamarisk uses straight-line depreciation. Prepare Tamarisk's entry to record 2021 depreciation expense. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter O for the amounts). In 2020. Sheridan Corporation discovered that equipment purchased on January 1,2018 , for $65,000 was expensed at that time The equipment should have been depreciated over 5 years, with no salvage value. The elfective tao rate is 30 . Shefidan usas straight line depreciation Prepare Sheridan's 2020 joumal entry to correct the error. (Credlt ocoount tibes ore autonatically Indented when omount is entered, Do not indent monuall If no entry Is regulned, select "No Entry" for the occount titles and enter O for the anounte.)