Question: Current Attempt in Progress Indigo Company purchased a computer system for $73,700 on January 1, 2019. It was depreciated based on a 7-year life and

Current Attempt in Progress Indigo Company purchased a computer system for $73,700 on January 1, 2019. It was depreciated based on a 7-year life and an $18,400 salvage value. On January 1, 2021, Indigo revised these estimates to a total useful life of 4 years and a salvage value of $10,100. Indigo uses straight-line depreciation. Prepare Indigo's entry to record 2021 depreciation expense. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit

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