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Current Attempt in Progress Machinery purchased for $ 6 0 , 0 0 0 by Tom Brady Co . in 2 0 2 1 was

Current Attempt in Progress
Machinery purchased for $60,000 by Tom Brady Co. in 2021 was originally estimated to have a life of 8 years with a salvage value of
$4,000 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2026, it is determined that the total
estimated life should be 10 years with a salvage value of $4,500 at the end of that time. Assume straight-line depreciation.(a)
Your answer is incorrect.
Prepare the entry to correct the prior years' depreciation, if necessary. (If no entry is required, select "No entry" for the account titles
and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit
entry before credit entry.)
Account Titles and Explanation
Debit
Credit
Credit
x Your answerisincorrect.
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