Question: Please show work! Pronghorn Company purchased a computer system for $82,600 on January 1,2024 . It was depreciated based on a 8 -year life and

Please show work!

Please show work! Pronghorn Company purchased a computer system for $82,600 on

Pronghorn Company purchased a computer system for $82,600 on January 1,2024 . It was depreciated based on a 8 -year life and an $17,000 salvage value. On January 1,2026 , Pronghorn revised these estimates to a total useful life of 4 years and a salvage value of $10,200. Prepare Pronghorn's entry to record 2026 depreciation expense. Pronghorn 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.)

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