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I need only prepare the entry to record depreciation for 2 0 2 6 Machinery purchased for 3691m by Vaughn co. in 2021 was originally
I need only prepare the entry to record depreciation for
Machinery purchased for 3691m by Vaughn co. in 2021 was originally estimated to have a life Of 8 years With a salvage value of 34.600 at the end of that time. Depreciation has been entered for 5 years on this In 2026. it is determined that the total estimated life should be 10 years With a salvage value of $5,175 at the end of that timc_ Assume straightline depreciation. prepare the entry tocorrect theprioryears depreciation. if necessary. no required. No [or the account titles and O the amounts. Credit account titles automatically indented when omoun' is entered. Do not indcnt manually. debit entry before credit entry.' Account Titles and Explanation credit
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