please answers (d) part
Machinery purchased for $86,000 by Culver Corp. on January 1, 2018, was originally estimated to have an 8 -year useful life with a residual value of $6,000. Depreciation has been entered for five years on this basis. In 2023 , it is determined that the total estimated useful life (including 2023) should have been 10 years, with a residual value of $6,800 at the end of that time. Assume straight-line depreciation and that Culver uses IFRS for financial statement purposes. (a) Your answer is correct. Prepare the entry that is required to correct the prior years' depreciation, if any. (Credit account 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 Ofor the amounts. List debit entry before credit entry.) Prepare the entry that is required to correct the prior years' depreciation. if any. (Credit account 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 O for the amounts. List debit entry before credit entry.) Prepare the entry to record depreciation for 2023. (Credit account 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 O for the amounts. List debit entry before credit entry.) Repeat part (b) assuming Culver uses the double-declining-balance method of depreciation, (Credit occount 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 O for the amounts. List debit entry before credit entry. Round ani.wers to O decimal places, e.g. 5.275.)