Brief Exercise 21-10 Your answer is partially correct. Try again. Quinlan Corporation purchased a computer system (accounted for as office Equipment) for $65,250 on January 1, 2015. It was depreciated based on a seven-year life and an $17,300 residual value. On January 1, 2017, Quinlan revised these estimates to a total useful life of four years and a residual value of $10,500 Prepare Quinlan's entry to record 2017 depreciation expense. Assume that Quinlan follows IFRS and uses straight-line depreciation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 a SHOW LIST OF ACCOUNTS