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Prepare Shamrock entry to record depreciation expense

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Question - Shamrock Company purchased a computer system for $78,800 on January 1, 2019. It was depreciated based on a 8-year life and an $16,800 salvage value. On January 1, 2021, Shamrock revised these estimates to a total useful life of 4 years and a salvage value of $10,200. Shamrock uses straight-line depreciation.

Required - Prepare Shamrock's entry to record 2021 depreciation expense.

Reference no: EM132701041

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