Ch20 Homework Saved 6 The Canliss Milling Company purchased machinery on January 2, 2016, for $800,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2016 and 2017. Early in 2018, the company changed its depreciation method to the sum-of-the-years'-digits (SYD) method 6.7 Required 2. Prepare any 2018 journal entry related to the change. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) points eBook View transaction list Print Journal entry worksheet References Record the adjusting entry for depreciation in 2018. Note: Enter debits before credits. Debit Credit Event General Journal Record entry Clear entry View general journal