XYZ Company has a December 31 year end. Prepare any required year end adjusting journal entry Date is required but explanations are NOT required. The business purchased a computer system on March 3 of the current year for $49,000. However, the system was not put into use until August 5. The expected life of the system is 6 years, with an estimated residual value of $1,000. XYZ uses the straight-line depreciation method to the nearest whole month. Record the depreciation for the year