Metlock Company purchased a computer system for $$78,300$ on January $1,2024.$ It was depreciated based on a $8-$year life and an

$$17,900$ salvage value. lanuary $1,2026,$ Metlock revised these estimates to a total useful life of $4$ years and a salvage value of

$$10,200.$

Prepare Metlock's entry to record $2026$ depreciation expense. Metlock 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$-$EquipmentDr