n Assignment CALCULATOR FULL SCREEN PREMIER VERSION BACK NEXT SOURCES PTER 20 Exercise 11-11 Machinery purchased for $60,000 by Tom Brady Co. in 2013 was originally estimated to have a life of 8 years with a salvage value of $4,000 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2018, it is determined that the total estimated life should be 10 years with a salvage value of $4,500 at the end of that time. Assume straight-line depreciation 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 21 24 Qa 2-11 sults lex Study Debit Credit Prepare the entry to record depreciation for 2018. (If no entry is required, select "No entry for the account titles and enter 0 for the amounts Credit accent tiles are automatically indented when amount is entered. Do not indent manually, thie Machinery related account.) Account Titles and Explanation Debit Click if you would like to Show Work for this question: Den P Type here to snaich Credit 0 10410