Question 1 Machinery purchased for $67,800 by Sarasota Co. in 2013 was originally estimated to have a life of 8 years with a salvage value of $4,520 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 $5,085 at the end of that time. Assume straight-line depreciation (a) Your answer is partially correct. Try again. 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent ually Account Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Equipment 4633 Attempts: 1 of 5 us d