Albatross Company purchased a piece of machinery for $$60,000$ on January $1,2022,$ and has been depreciating the machine using the double$-$declining$-$balance method based on a fiveyear estimated useful life and no salvage value. On January $1,2024,$ Albatross decided to switch to the straight$-$line method of depreciation. The salvage value is still zero and the estimated useful life did not change. Ignore income taxes. $(5$pts$)$

Required:

Prepare the appropriate journal entry, if any, to record the accounting change.

Prepare the joumal entry to record depreciation for $2024.$