Brief Exercise $20-4($Algo$)$ Change in depreciation methods $($LO$20-3)$

Irwin, Incorporated constructed a machine at a tolal coit of $$79$ malion. Conthuction was completed at the end ef $2020$ and the machine was placed in service at the beginning of $2021.$ The machine was being doprecianed over a $10$year life using tre sumplof chestraight line method.

Gnoring income laxes, prepare the journal entry selating to the machine for $2024.$

Votec If no emtry is required for a traniaction$/$event$,$ select $"$No journal entry nequired" is the first account lield. Do not round