Collins Corporation purchased office equipment at the beginning of $2022$ and capitalized a cost of $$1,900,000.$ This cost figure included the following expenditures:

Purchase price $ $1,750,000$

Freight charges $20,000$

Installation charges $10,000$

Annual maintenance charge $120,000$

Total $ $1,900,000$

The company estimated an eight$-$year useful life for the equipment. No residual value is anticipated. The double$-$declining$-$balance method was used to determine depreciation expense for $2022$ and $2023.$

In $2024,$ after the $2023$ financial statements were issued, the company decided to switch to the straight$-$line depreciation method for this equipment. At that time, the company$$s controller discovered that the original cost of the equipment incorrectly included one year of annual maintenance charges for the equipment.

Required:

Ignoring income taxes, prepare the appropriate correcting entry for the equipment capitalization error discovered in $2024.$

Ignoring income taxes, prepare any $2024$ journal entry$($s$)$ related to the change in depreciation methods.