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An overhaul which did not change a machine's estimated salvage value por increase it's efficiency was perfomed on a machine whose original coat was $26,000.

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An overhaul which did not change a machine's estimated salvage value por increase it's efficiency was perfomed on a machine whose original coat was $26,000. It was depreciated under the assumption that it would have & six year life and a $2000 salvage value. At the end of the fifth year the machine mceived a major overhaul that cost $1400 and extended it's life two years beyond the six originally estimated. 1. Give without an explanation the entry to record the overhaul. DATE ACCOUNT TITLES AND EXPLANATION P.R. DEDIT CREDIT 2. Giye the entry to record the sixth year's depreciation on the machine. DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT Dec

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