Alteran Corporation purchased a machine for $1.5 million in 2010. The machine is being depreciated over a 10-year life using the sum-of-the-years’-digits method. The residual value is expected to be $300,000. At the beginning of 2013, Alteran decided to change to the straight-line depreciation method for this machine.

Required:

Prepare the 2013 depreciation adjusting entry.