Exercise 11-23(Static) Change in estimate; useful life and residual value of equipment [L011-2,11-5] ...
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Accounting
Exercise Static Change in estimate; useful life and residual value of equipment L
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Wardell Company purchased a minicomputer on January at a cost of $ The computer was depreciated using the straightline method over an estimated fiveyear life with an estimated residual value of $ On January the estimate of useful life was changed to a total of years, and the estimate of residual value was changed to $
Exercise Static Part
Required:
Prepare the yearend journal entry for depreciation on December No depreciation was recorded during the year. Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your fina answers to nearest whole dollar.
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