E11-11 (DepreciationChange in Estimate)

Machinery purchased for $64,200 by Windsor Co. in 2013 was originally estimated to have a life of 8 years with a salvage value of $4,280 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2018, it is determined that the total estimated life should be 10 years with a salvage value of $4,815 at the end of that time. Assume straight-line depreciation.