Barton and Barton Company $($B&B$)$ purchased construction equipment for $$25$ million. The equipment was placed in service at the beginning of $20$x$1.$ Management estimated the equipment's residual value to be $$3$ million and used the sum$-$of$-$the$-$years'$-$digits method to depreciate the equipment over a $10-$year life. At the beginning of $20$x$4,$ B&B decided to change to the straight$-$line method.Ignoring income taxes, prepare the journal entry relating to the equipment for $20$x$4.($If no entry is required for a transaction$/$ event, select $"$No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5$ and $5,000,000$ should be entered at $5\mathrm{.}0).*$View transaction listJournal entry worksheet$<1$Record the entry relating to the machine for $2021.$Note: Enter debits before credits.EventGeneral JournalDebit$1$Depreciation expenseAccumulated depreciationCredit