Exercise 11-11 Machinery purchased for $64,200 by Marin 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, Prepare the entry to correct the prior year's 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.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT No entry for the account titles and enter 0 for the amounts. Credit account titles are autor?atically indented when amount is entered. Do Prepare the entry to record depreciation for 2018 If no entry is required, select not indent manually. Use Machinery related account.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question Qpen Show Works