Wardell Company purchased a minicomputer on January 1 , 2 0 2 2 , at a cost
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Question:
Wardell Company purchased a minicomputer on January at a cost of $ The computer was depreciated using the straightline method over an estimated fiveyear life with an estimated residual value of $ On January the estimate of useful life was changed to a total of years, and the estimate of residual value was changed to $
Required:
Prepare the yearend journal entry for depreciation on December No depreciation was recorded during the year.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your final answers to nearest whole dollar.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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