ABC, Incorporated constructed equipment at a total cost of $1,000,000. Construction was completed at the end of 2022 and the equipment was placed in service at the beginning of 2023. The equipment was being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be $50,000. At the beginning of 2026, ABC decided to change to the straight-line method. Equipment cost Equipment useful life Residual value $1,000,000 10 $50,000 Depreciation Expense Year SYD method Straight-line method 1 2 3 Totals Debit Credit Ignoring income taxes, prepare the journal entry relating to the machine for 2026. Date December 31, 2026 General Journal 0