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Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $47,000. The...

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Accounting

Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $47,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $5,000. On January 1, 2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $3,800

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