Machinery purchased for $41,400 by Grouper Corp. on January 1, 2018, was originally estimated to have an 8-year useful life with a residual value of $3,000. Depreciation has been entered for five years on this basis. In 2023 , it is determined that the total estimated useful life (lincluding 2023) should have been 10 years, with a residual value of $3,600 at the end of that time. Assume straight-line depreciation and that Grouper uses IFRS for financial statement purposes. (a) Prepare the entry that is required to correct the prior years' depreciation, if any. (Credit account tities are outemotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List debit entry before credit entry) In its 2023 annual report, Pearl Limited reports beginning-of-the-year total assets of $1,973 million, end-of-the-year total assets of $3,027 million, total revenue of $2,750 million, and net income of $55 million. (a) Calculate Pearl's asset tumover ratio, (Round answer to 2 decimal places, eg. 52.75.) Asset turnover ratio times eTextbook and Media