Kiese, Intermediate Accounting. 16e loi System Announcements CALCULATOR Question 30 In January 2017, Installation costs of $6,700 on new machinery were charged to Maintenance and Repairs Expense. Other costs of this machinery of $30,500 were correctly recorded and have been deprecated using the straight line method with an estimated te of 10 years and no salvage value. At December 31, 2018, it is decided that the machinery has a remaining wife of 20 years, starting with January 1, 2018. What entries should be made in 2018 correctly record transactions related to machinery, assuming the machinery has no salvage value? The books have not been done for 2018 and depreciation expense has not yet been recorded for 2018. (Credit acest titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Credit Dec 31 (To connect for the error of expensing into costs on machinery cardinary, 2017) (To record depreciation on machinery for 2018 based on a 20-year) Click if you would like to Show Work for this questions on Show Work SHOW LIST OF ACCOUNTS Question Attempts of used SAVE FOR LATER SET ANSWER F 0 O RE E to search