Current Attempt in Progress

Your answer is partially correct.

Splish Company purchased a computer system for $$72,500$ on January $1,2024.$ It was depreciated based on a $7-$year life and an $$17,200$ salvage value. On January $1,2026,$ Splish revised these estimates to a total useful life of $4$ years and a salvage value of $$10,200.$

Prepare Splish's entry to record $2026$ depreciation expense. Splish 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 $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

Depreciation Expense

Accumulated Depreciation$-$Equipment

eTextbook and Media

List of Accounts

Attempts: $3$ of $5$ used