beta purchased equipment costing 1,200,000 on 1/1/2016. The economic life was estimated to be 8 yrs with salvage of 60,000. at time of acquisition. beta uses the double declining balance method of depreciation. On 1/1/2019 beta changes to the straight line method of depreciation tangible assets. at that time beta adopted a salvage value of $50,000 and they now believe the equipment to have remaining life of 10 years. prepare the entry to record depreciation for 2019