Exercise $20-17($Algo$)$ Change in estimate; useful life and residual value of equipment $[$LO$20-4]$

Wardell Company purchased a mini computer on January $1,2022,$ at a cost of $$44,250.$ The computer has been depreciated using the straight$-$line method over an estimated five$-$year useful life with an estimated residual value of $$4,500.$ 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 $$870.$

Required:

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate.

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate, assuming that the company uses the sum$-$of$-$the$-$years'$-$digits method instead of the straight$-$line method.

Answer is not complete.

Required $2$

Prepare the appropriate adjusting entry for depreciation in $2024$ to reflect the revised estimate, assuming that the company uses the sum$-$of$-$the$-$years'$-$digits method instead of the straight$-$line method.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar.

$\backslash$table$[[$No$,$Event,General Journal,Debit,Credit$],[1,1,$Depreciation expense,,$],[,,$Accumulated depreciation,,$]]$