Required information
The following information applies to the questions displayed below.
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
$
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 final
answers to nearest whole dollar.
Journal entry
worksheet
Record depreciation expense for
Note: Enter debits before credits.
