Universal Semiconductors switched from the double$-$declining$-$balance depreciation method to straight$-$line depreciation in $2024.$

The change affects its precision equipment that was purchased at the beginning of $2022$ at a cost of $$68$ million.

The machinery has an expected useful life of ten years and an estimated residual value of $$6$ million.

Required:

Prepare the appropriate entry to record depreciation in $2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round

intermediate calculations. Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ to be entered as $5\mathrm{.}50).$