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Required information Exercise 11.23 (Algo) Change in estimate; useful life and residual value of equipment...

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Required information Exercise 11.23 (Algo) Change in estimate; useful life and residual value of equipment [LO11-2, 11.5] the following information applies to the questions displayed below] Wardeli Company purchased a minicomputer on January 1,2022, at a cost of $49,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $7,000,0. January 1. 2024 , the cstimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $400 $400 Exercise 1123 (Algo) Port 2 2. Prepare the year-end journal entry for depreciation on Decenter 31,2024. Assume that the company uses the double-decliningbalance method instead of the straight-line method. Note: If no entry is required for a transection/event, select "No journal entry required" in the first occount field. Do not round intermediate colculotions. Round your final onswers to nearest whole doller. Journal entry worksheet

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