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Bramble Corp. purchased machinery on January 1,2019 for $463,000. Straight-line depreciation is used At the time management estimated that the machinery would be used over

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Bramble Corp. purchased machinery on January 1,2019 for $463,000. Straight-line depreciation is used At the time management estimated that the machinery would be used over 10 years and would have a residual value of 548,000 . It is now December 31,2023 and management has determined that the machine's life is now a total of 12 years with no residual value No adjustingjournal entries have been recorded yet for the 2023 year-end. (a) Your answer has been saved sese score details after the due date Identify the type of accounting change and the treatment for this change: Attempts: 1 of 1 used Question Part Score 0/2.5 (b) What journat entries are required to record the above events on December 31, 2023? (Crefit account titles ore outomatically indented when the ampurt is entered. Do not indent manually. If no entry is required, select "No Entry' for the account citles and enter of or the amounts Ust debit entry before credit entrys

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