Return to question 26 125 Exercise 11-24 (Static) Change in principle; change in depreciation methods (L011-2, 11-6] 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 (bno 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 (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations. Round your final answers to nearest whole dollars.) No Credit Event 1 Answer is complete but not entirely correct. General Journal Depreciation expense Accumulated depreciation Deba 87 273 1 OO 87 273