b. At the beginning of 2017, the Hoffman Group purchased office equipment at a cost of $540,000. Its useful life was estimated to be 10 years with no residual value. The equipment has been depreciated by the straight-line method. On January 1, 2021, the company changed to the double-declining-balance method. Journal entry worksheet 1 2 3 4 Record the adjusting entry for situation b. Note: Enter debits before credits. OT 5 Date General Journal Debit Credit 2021 Depreciation expense Accumulated depreciation 7 Record entry Clear entry View general journal