need answer to part d

Current Attempt in Progress Machinery purchased for $48.600 by Sheffield Corp. on January 1, 2015, 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 2020, it is determined that the total estimated useful life (including 2020) should have been 10 years with a residual value of $3.500 at the end of that time. Assume straight-line depreciation and that Sheffield Corp. uses IFRS for financial statement purposes. Your answer is correct VYour 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 O for the amounts.) Account Titles and Explanation Debit Credit No Entry 0 No Entry 0 eTextbook and Media List of Accounts Attempts: 2 of 10 used Your answer is correct. Prepare the entry to record depreciation for 2020. (Credit account titles are automatically indented when the amount required, select "No Entry for the account titles and enter 0 for the amounts.) entered. Do not indent manually. If no entry is Account Titles and Explanation Debit Credit Depreciation Expense 3320 Accumulated Depreciation-Machinery 3320 eTextbook and Media (P) -Your answer is partially correct. Repeat part (b) assuming Sheffeld Corp. uses the double-declining-balance method of depreciation. (Credit account titles are automatically indented whe 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. Round answers to O decima eg. 5,275.) Account Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Machinery eTextbook and Media