Brief Exercise 22-4

Oriole Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $90,800, whereas straight-line depreciation prior to 2017 would have been $51,800. Oriole's depreciable assets had a cost of $269,200with a $38,000salvage value, and an 9-year remaining useful life at the beginning of 2017.

What is the 2017 journal entry related to Oriole's depreciable assets (Equipment).