Alteran Corporation purchased office equipment for $1.5 million at the beginning of 2019. The equipment is being depreciated over a 10-year life using the double-declining-balance method. The residual value is expected to be $300,000. At the beginning of 2021 (two years later), Alteran decided to change to the straight-line depreciation method for this equipment.

Required:
Prepare the journal entry to record depreciation for 2021.