Alteran Corporation purchased office equipment for $1.5 million at the beginning of 2022 . 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 2024 (two years later), Alteran decided to change to the straight-line depreciation method for this equipment. Required: Prepare the journal entry to record depreciation for the year ended December 31, 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. Round your final answers to nearest whole dollars. Journal entry worksheet Record depreciation expense for 2024. Note: Enter debits before credits