Accounting changes-depreciation) Louie Inc. acquired the following assets in January of 2015 Equipment, estimated service life, 5 years; salvage value, $15000 $525000 Building, estimated service life, 30 years; no salvage value $693000 The equipment has been depreciated using double declining balance method for the first 3 years for financial reporting purposes. In 2018, the company decided to change the method of computing depreciation to the straight-line method for the equipment, but no change was made in the estimated life or salvage value. It was also decided to change the total estimate service life of the building from 30 years to 40 years, with no change in the estimated salvage value. The building is depreciated on straight-line method. a) Prepare the journal entry to record depreciation expense foe the equipment in 2018 b) Prepare the journal entry to record depreciation expense for the building in 2018