Change in depreciation methods LO203 For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2010 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2013, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ($ in 000s): 1. Briefly describe the way Clinton should report this accounting change in the 20122013 comparative financial statements. 2. 2. Prepare any 2013 journal entry related to the change.