The Canliss Milling Company purchased machinery on January 2, 2009, for $800,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2009 and 2010. Early in 2011, the company changed its depreciation method to the sum-of-the-years'-digits (SYD) method.

Required:

1. Briefly describe the way Canliss should report this accounting change in the 2010–2011 comparative financial statements.

2. Prepare any 2011 journal entry related to the change.