Exercise 22-11 Bonita Co. purchased equipment on January that the entry for depreciation expense had been omitted in 2016. In addition, management has informed the accountant that the company plans to switch to straight-line 2015, for $627,000. At that time, it was estimated that the equipment would have a 10-year life and no salvage value. On December 31, 2018, the firm's accountant found depreciating equipment depreciation, starting t present, the company uses um-of-the-years'-dig me Prepare the general journal entries that should be made entered. Do not indent manually tDecember 31, 2018, to record these events. (Ignore tax effects.) (Credit account titles are automatically indented when amount is required, select "No Entry" for the account titles and enter 0 for the amounts.) no entry Credit Date Account Titles and Explanation Debit Dec. 31, 2018 (To correct for the omission of depreciation expense in 2016.) Dec. 31, 2018 (To record depreciation expense for 2018.)