Change in Accounting Estimate and in Depreciation Method Manchester Manufacturing purchased a machine on January 1, 2011, for $50,000. At the time, it was determined that the machine had an estimated useful life of 10 years and an estimated residual value of $2,000. The company used the double-declining balance method of depreciation. On January 1, 2015, the company decided to change its depreciation method from double declining balance to straight line. The machine's remaining useful life was estimated to be five years with a residual value of $500. Bu Give the entry required to record the company's depreciation expense for 2015