Calvin Company purchased equipment for $315,000 which was estimated to have a useful Sfe of seven (7) years with a salvage value of $36,000 at the end of that time. Depreciation has been recorded for five (5) years on a straight-line basis in the curent year (year) company determined that the total estimated life should be nine (9) years with a salvage value of $15.000 Prepare the journal entry that should be made in the current year. Show your calculations for partial credit For the toolbar press ALTRE ALT+ B I Paragraph Anal T 3 100t 4 E J.