Exercise 11-11 Machinery purchased for $72,000 by Shamrock Co. in 2013 was originally estimated to have a life of 8 years with a salvage value of $4,800 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 $5,400 at the end of that time. Assume straight-line depreciation. t the end of that time. 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 0 for the amounts. C account title are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit titl the entry to record depreciation for 2018. y select "No entry" for the account titles and enter 0 for the amounts. Credit account quired, hen amoun ndented entere indent manually. Use Machinery related account.) are au Account Titles and Explanation Debit Credit Open Show Work Click you would like to Show Work for this