Exercise 11-11 (Part Level Submission) Machinery purchased for $70,200 by Riverbed Co. in 2013 was originally estimated t for 5 years on this basis. In 2018, it is determined tha have a life of 8 years with a salvage value of $4,680 at the end f that time. Depreciation has been entered the total estimated life should be 10 years w $5,265 at the end that time. Assume straight-line depreciation. a salvage value (a) 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. 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 TEXT Attempts: 0 of 3 used